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-In the Above Figure, If the Price Is $12, a Profit-Maximizing

Question 231

Multiple Choice

  -In the above figure, if the price is $12, a profit-maximizing perfectly competitive firm will have an economic profit A)  of less than $100 but more than $0. B)  of more than $100. C)  that is negative, that is, it will have an economic loss. D)  of zero, that is, it will break even with a normal profit.
-In the above figure, if the price is $12, a profit-maximizing perfectly competitive firm will have an economic profit


A) of less than $100 but more than $0.
B) of more than $100.
C) that is negative, that is, it will have an economic loss.
D) of zero, that is, it will break even with a normal profit.

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