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-In the Above Figure, If the Price Is P1, the Firm

Question 82

Multiple Choice

-In the above figure, if the price is P1, the firm is A) making zero economic profit. B) earning enough revenue to pay all of its opportunity costs. C) incurring an economic loss. D) making an economic profit.
-In the above figure, if the price is P1, the firm is


A) making zero economic profit.
B) earning enough revenue to pay all of its opportunity costs.
C) incurring an economic loss.
D) making an economic profit.

Correct Answer:

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