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Figure 14-9 -Refer to Figure 14-9.When the Market Is in Long-Run Equilibrium

Question 149

Multiple Choice
Figure 14-9 -Refer to Figure 14-9.When the market is in long-run equilibrium at point A in panel (b),what will happen to the firm represented in panel (a)

Figure 14-9
Figure 14-9 -Refer to Figure 14-9.When the market is in long-run equilibrium at point A in panel (b) ,what will happen to the firm represented in panel (a) A) It will have a zero economic profit. B) It will have a negative accounting profit. C) It will exit the market. D) It will increase its output.
-Refer to Figure 14-9.When the market is in long-run equilibrium at point A in panel (b) ,what will happen to the firm represented in panel (a)


A) It will have a zero economic profit.
B) It will have a negative accounting profit.
C) It will exit the market.
D) It will increase its output.

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