-Given the graph for a particular industry shown above we know that
A) new entrants will not be attracted to this industry.
B) this industry can survive in both the short and long run.
C) the industry is making a profit.
D) this industry will disappear in the short run.
Correct Answer:
Verified
Q109: Q110: If a firm is making a short-run Q111: If all the firms in a perfectly Q112: Q113: If you are a sole proprietor of Q115: The existence of economic profits in a Q116: When price = ATC = MC = Q117: The price faced by a perfectly competitive Q118: Q119: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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