in the short run, there is no distinction between variable and fixed costs. reve

Question

in the short run, there is no distinction between variable and fixed costs.
revenue and cost curves are straight-lines throughout the analysis.
there appears to be perfect competition since the price is considered to remain the same regardless of quantity.
the straight-line cost curve implies that marginal cost is constant. in the short run, there is no distinction between variable and fixed costs. revenue and cost curves are straight-lines throughout the analysis. there appears to be perfect competition since the price is considered to remain the same regardless of quantity. the straight-line cost curve implies that marginal cost is constant.
in the short run, there is no distinction between variable and fixed costs.
revenue and cost curves are straight-lines throughout the analysis.
there appears to be perfect competition since the price is considered to remain the same regardless of quantity.
the straight-line cost curve implies that marginal cost is constant.

Explanation / Answer

Hi,

Please find the answer as follows:

Option A (in the short run, there is no distinction between variable and fixed costs) is the correct answer.

Thanks.

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