Use the figure below to answer the following questions.
Figure 14.2.3
-Refer to Figure 14.2.3.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.
Correct Answer:
Verified
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