Use the figure below to answer the following questions. Figure 13.2.3 -Refer to Figure 13.2.3.Assume this firm faces demand curve D₂.If the firm produces the efficient quantity,it A)makes an economic profit. B)makes zero economic profit. C)incurs an economic loss. D)is in a long-run equilibrium. E)will face competition from new firms entering the industry.

Question

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following questions. Figure 13.2.3 -Refer to Figure 13.2.3.Assume this firm faces demand curve D₂.If the firm produces the efficient quantity,it A)makes an economic profit. B)makes zero economic profit. C)incurs an economic loss. D)is in a long-run equilibrium. E)will face competition from new firms entering the industry.

Use the Figure Below to Answer the Following Questions