Question 11 (1 point)

Question 11 (1 point) Saved Normal profit is included in total revenue O True False Question 12 (1 point) Choose the best answer. When a perfectly competitive firm makes loss in the short run C) it usually quits the market C) i usually continues to produce as long as price per unit is above average variable cost C) i usually continues to produce as long as price per unit is above average total cost Question 13 (1 point) Choose the most accurate statement. Under perfect competition a typical firm's marginal cost curve above its average O variable cost curve represents its supply curve Under perfect competition a typical firm's marginal cost curve above its average O total cost curve represents its supply curve