-If the diagrams in Exhibit K-2 represent a firm in the market,
A) it will choose to produce no output
B) it is operating in a competitive market
C) it will make economic profit
D) it is in long-run equilibrium
E) there will be reduced competition in the market

Question

-If the diagrams in Exhibit K-2 represent a firm in the market,
A) it will choose to produce no output 
B) it is operating in a competitive market 
C) it will make economic profit 
D) it is in long-run equilibrium 
E) there will be reduced competition in the market

Quizplus · Accepted Answer

The Answer of 
-If the diagrams in Exhibit K-2 represent a firm in the market,
A) it will choose to produce no output 
B) it is operating in a competitive market 
C) it will make economic profit 
D) it is in long-run equilibrium 
E) there will be reduced competition in the market

-If the Diagrams in Exhibit K-2 Represent a Firm in the Market