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Exhibit -Refer to Exhibit. in the Short-Run, If the Market Price

Question 18

Multiple Choice

Exhibit
Exhibit -Refer to Exhibit. In the short-run, if the market price is higher than $10, the competitive firm will earn: A) positive economic profits. B) zero economic profits. C) losses but will not shut down. D) losses and will shut down.
-Refer to Exhibit. In the short-run, if the market price is higher than $10, the competitive firm will earn:


A) positive economic profits.
B) zero economic profits.
C) losses but will not shut down.
D) losses and will shut down.

Correct Answer:

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