Refer to the graph shown. At the price of $1.60, given market demand for the product:
A) the firm will incur losses.
B) the firm will make zero economic profits.
C) there will be a shortage of the product.
D) the firm will go out of business.

Question

Refer to the graph shown. At the price of $1.60, given market demand for the product: 
A) the firm will incur losses. 
B) the firm will make zero economic profits. 
C) there will be a shortage of the product. 
D) the firm will go out of business.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. At the price of $1.60, given market demand for the product: 
A) the firm will incur losses. 
B) the firm will make zero economic profits. 
C) there will be a shortage of the product. 
D) the firm will go out of business.

Refer to the Graph Shown