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Exhibit -Refer to Exhibit 12.7. in the Short-Run, If the Market

Question 19

Multiple Choice

Exhibit
Exhibit -Refer to Exhibit 12.7. In the short-run, if the market price is $10, the competitive firm will earn:? A) positive economic profits. B) zero economic profits. C) economic losses but will not shut down. D) economic losses and will shut down.
-Refer to Exhibit 12.7. In the short-run, if the market price is $10, the competitive firm will earn:?


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

Correct Answer:

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