The diagram shows the average total cost curve for a purely competitive firm. At the long-run equilibrium level of output, this firm's economic profit
A)is zero.
B)is $400.
C)is $200.
D)cannot be determined from the information provided.

Question

The diagram shows the average total cost curve for a purely competitive firm. At the long-run equilibrium level of output, this firm's economic profit
A)is zero. 
B)is $400. 
C)is $200. 
D)cannot be determined from the information provided.

Quizplus · Accepted Answer

The Answer of  The diagram shows the average total cost curve for a purely competitive firm. At the long-run equilibrium level of output, this firm's economic profit
A)is zero. 
B)is $400. 
C)is $200. 
D)cannot be determined from the information provided.

The Diagram Shows the Average Total Cost Curve for a Purely