Refer to the following figure:
The graph on the left shows long-run average and marginal cost for a typical firm in a perfectly competitive industry. The graph on the right shows demand and long-run supply for an increasing-cost industry.
-How much profit will the firm earn?
A) zero
B) $2,600
C) $3,100
D) $3,750
E) $6,000
Correct Answer:
Verified
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