If AC = MC = AR = MR = P, then a perfect competitor firm? A) Earns abnormal profit B) Earns normal profit C) Will be in shutdown point D) The firm will be at a lose Related MCQs: The term normal profit as used in the analysis of Equilibrium of the firm under perfect competitor! Refers to If a firm produces more than the optima capacity, firm obtains? Under price discrimination a monopolist firm? The classical and neo-classical theories of consumption and firm behavior are based on?