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Figure 14-7 -Refer to Figure 14-7.When the Market Is in Long-Run Equilibrium

Question 192

Multiple Choice

Figure 14-7
Figure 14-7 -Refer to Figure 14-7.When the market is in long-run equilibrium at point A in panel (b) ,the firm represented in panel (a) will A) have a zero economic profit. B) have a negative accounting profit. C) exit the market. D) choose to increase production to increase profit.
-Refer to Figure 14-7.When the market is in long-run equilibrium at point A in panel (b) ,the firm represented in panel (a) will


A) have a zero economic profit.
B) have a negative accounting profit.
C) exit the market.
D) choose to increase production to increase profit.

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