-The price shown in this figure:
A) is the long-run price in the market.
B) is lower than the long-run price in the market.
C) is higher than the long-run price in the market.
D) could be lower than, equal to, or higher than the long-run price in the market.

Question

-The price shown in this figure:
A) is the long-run price in the market. 
B) is lower than the long-run price in the market. 
C) is higher than the long-run price in the market. 
D) could be lower than, equal to, or higher than the long-run price in the market.

Quizplus · Accepted Answer

The Answer of 
-The price shown in this figure:
A) is the long-run price in the market. 
B) is lower than the long-run price in the market. 
C) is higher than the long-run price in the market. 
D) could be lower than, equal to, or higher than the long-run price in the market.

-The Price Shown in This Figure