In a perfect competition, a firm earns super normal profit when the AR of the firm _____ the ACT of the firm. | Faculties

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Mr. Dubey

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📊 Fundamentals of Economics

Q. In a perfect competition, a firm earns super normal profit when the AR of the firm _____ the ACT of the firm.

(A) equals to
(B) exceeds
(C) is lower than
(D) neither exceeds nor is lower than

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✅ Correct Answer: (B) exceeds

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