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(Figure: Determining Profit) at Price F, Which of the Following

Question 88

Multiple Choice

(Figure: Determining Profit) At price F, which of the following is NOT true for this firm in perfect competition?
(Figure: Determining Profit) At price F, which of the following is NOT true for this firm in perfect competition? A) The firm will have to shut down soon if the market price does not increase. B) Marginal revenue is equal to marginal cost. C) Economic profits are $0. D) The market is in long-run equilibrium.


A) The firm will have to shut down soon if the market price does not increase.
B) Marginal revenue is equal to marginal cost.
C) Economic profits are $0.
D) The market is in long-run equilibrium.

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