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Figure 10-4 ​

Question 126

Multiple Choice

Figure 10-4
​ Figure 10-4 ​ -If a competitive firm's short-run average cost curve lies above the price of the product, we can conclude that the firm A) is earning a huge profit. B) is incurring losses. C) is earning zero economic profits. D) is earning a normal profit.
-If a competitive firm's short-run average cost curve lies above the price of the product, we can conclude that the firm


A) is earning a huge profit.
B) is incurring losses.
C) is earning zero economic profits.
D) is earning a normal profit.

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