Figure 9-12
Figure 9-12 illustrates a
A) competitive price-taker firm that is earning economic profit.
B) competitive price-taker firm that is only able to break even when it is maximizing economic profit.
C) firm that should shut down immediately.
D) competitive price-taker firm that is making economic losses.

Question

Figure 9-12 
Figure 9-12 illustrates a
A) competitive price-taker firm that is earning economic profit. 
B) competitive price-taker firm that is only able to break even when it is maximizing economic profit. 
C) firm that should shut down immediately. 
D) competitive price-taker firm that is making economic losses.

Quizplus · Accepted Answer

The Answer of Figure 9-12 
Figure 9-12 illustrates a
A) competitive price-taker firm that is earning economic profit. 
B) competitive price-taker firm that is only able to break even when it is maximizing economic profit. 
C) firm that should shut down immediately. 
D) competitive price-taker firm that is making economic losses.

Figure 9-12 Figure 9-12 Illustrates a