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-Figure 9-11 Illustrates the Long-Run Average Total Cost Curve for a Perfectly

Question 176

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  -Figure 9-11 illustrates the long-run average total cost curve for a perfectly competitive firm and the short-run average total cost curve (ATC*) for the firm's current plant size.In the long run,this A) firm's plant size is too large to allow it to earn a normal profit B) firm's plant size is too small to allow it to earn a normal profit C) firm will be able to stay in operation with the same plant size D) firm will suffer an economic loss E) firm will earn an economic profit
-Figure 9-11 illustrates the long-run average total cost curve for a perfectly competitive firm and the short-run average total cost curve (ATC*) for the firm's current plant size.In the long run,this


A) firm's plant size is too large to allow it to earn a normal profit
B) firm's plant size is too small to allow it to earn a normal profit
C) firm will be able to stay in operation with the same plant size
D) firm will suffer an economic loss
E) firm will earn an economic profit

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