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-The Above Figure Shows the Cost Curves for a Perfectly

Question 48

Multiple Choice

  -The above figure shows the cost curves for a perfectly competitive firm. If all firms in the market have the same cost curves and the price equals $16 per unit, A)  over time, firms will leave this market. B)  over time, the price will fall as new firms enter the market. C)  the market is in its long- run equilibrium. D)  the firm is making zero economic profit.
-The above figure shows the cost curves for a perfectly competitive firm. If all firms in the market have the same cost curves and the price equals $16 per unit,


A) over time, firms will leave this market.
B) over time, the price will fall as new firms enter the market.
C) the market is in its long- run equilibrium.
D) the firm is making zero economic profit.

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