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When is a firm said to be earning normal profit, according to the text?a)When average revenue equals average variable cost.b)When average cost equals average revenue.c)When average cost exceeds average revenue.d)When average revenue exceeds average cost.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about When is a firm said to be earning normal profit, according to the text?a)When average revenue equals average variable cost.b)When average cost equals average revenue.c)When average cost exceeds average revenue.d)When average revenue exceeds average cost.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for When is a firm said to be earning normal profit, according to the text?a)When average revenue equals average variable cost.b)When average cost equals average revenue.c)When average cost exceeds average revenue.d)When average revenue exceeds average cost.Correct answer is option 'B'. Can you explain this answer?.

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