Exhibit 9-1 -Refer to Exhibit 9-1. Which demand curve results in normal profits? A)D₁ B)D₂ C)D₃ D)Both D₁ and D₂ E)Both D₂ and D₃

Name: Exhibit 9-1 -Refer to Exhibit 9-1. Which demand curve results in normal profits? A)D 1 B)D 2 C)D 3 D)Both D 1 and D 2 E)Both D 2 and D 3
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Normal profits occur when total revenue equals total costs, including opportunity costs. Demand curve D₂ likely represents this scenario.

Exhibit 9-1 -Refer to Exhibit 9-1. Which Demand Curve Results in Normal