(Answered) Firm a p mr mc and atc gt p gt avcfirm b p gt mr mc and

Management Studies

Firm A: P = MR = MC and ATC > P > AVC.

Firm B: P > MR = MC and P = ATC > AVC.

Firm C: P > MR = MC and P > ATC > AVC.

Firm D: P = MR < MC and ATC > P > AVC.

Firm E: P = MR > MC and P = ATC > AVC.

Firm F: P > MR > MC and P > ATC > AVC.

Of the six firms portrayed above, which are operating as perfectly competitive, price-taking ones? Briefly defend (or comment upon) your response.

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