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-If the Price Is $12 Per Pizza, the Perfectly Competitive

Question 119

Multiple Choice

-If the price is $12 per pizza, the perfectly competitive firm in the above figure is A) incurring an economic loss. B) making an economic profit. C) making zero economic profit. D) More information about the firm's total cost is needed to determine if the firm has a positive economic profit, zero economic profit, or an economic loss.
-If the price is $12 per pizza, the perfectly competitive firm in the above figure is


A) incurring an economic loss.
B) making an economic profit.
C) making zero economic profit.
D) More information about the firm's total cost is needed to determine if the firm has a positive economic profit, zero economic profit, or an economic loss.

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