If a competitive firm is in short-run equilibrium, then
A. profits equal zero.
B. it will not operate at a loss.
C. an increase in its fixed cost will have no effect on profit.
D. an increase in its fixed cost will have no effect on output.
Answer:D
If a competitive firm is in short-run equilibrium, then
A. profits equal zero. B. it will not operate at a loss. C. an increase in its fixed cost will have no effect on profit. D. an increase in its fixed cost will have no effect on output.