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Figure: The Profit-Maximizing Firm in the Short Run 
-(Figure: The Profit-Maximizing Firm in the Short Run) Look at the figure The Profit-Maximizing Firm in the Short Run. Which of the following statements is TRUE?
A) AFC is represented by the vertical distance between curve M and curve N at any level of output.
B) AFC is represented by the vertical distance between curve N and curve O at any level of output.
C) This figure illustrates the long run because all costs are variable.
D) Quantity q2 is to the left of the shut-down point.
Correct Answer:
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Figure: A
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Figure: The
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Figure: A
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Figure: The
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Figure: The
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Figure: A
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