Refer to Figure 22.3 for a perfectly competitive firm.If the market price is $10,
A)The firm should produce 31 units.
B)The firm will shut down in the short run.
C)An economic loss will occur.
D)The firm will earn normal profits.

Question

Refer to Figure 22.3 for a perfectly competitive firm.If the market price is $10,
A)The firm should produce 31 units. 
B)The firm will shut down in the short run. 
C)An economic loss will occur. 
D)The firm will earn normal profits.

Quizplus · Accepted Answer

The Answer of  Refer to Figure 22.3 for a perfectly competitive firm.If the market price is $10,
A)The firm should produce 31 units. 
B)The firm will shut down in the short run. 
C)An economic loss will occur. 
D)The firm will earn normal profits.