-The firm in this figure is operating in the long run. According to this figure, this firm is earning:
A) a loss, and will go out of business.
B) excess profit, and is operating less efficiently than it would if it were a pure competitor.
C) a normal profit, and is operating as efficiently as it would if it were a pure competitor.
D) a normal profit, and is operating less efficiently than it would if it were a pure competitor.

Question

-The firm in this figure is operating in the long run. According to this figure, this firm is earning:
A) a loss, and will go out of business. 
B) excess profit, and is operating less efficiently than it would if it were a pure competitor. 
C) a normal profit, and is operating as efficiently as it would if it were a pure competitor. 
D) a normal profit, and is operating less efficiently than it would if it were a pure competitor.

Quizplus · Accepted Answer

The Answer of 
-The firm in this figure is operating in the long run. According to this figure, this firm is earning:
A) a loss, and will go out of business. 
B) excess profit, and is operating less efficiently than it would if it were a pure competitor. 
C) a normal profit, and is operating as efficiently as it would if it were a pure competitor. 
D) a normal profit, and is operating less efficiently than it would if it were a pure competitor.

-The Firm in This Figure Is Operating in the Long