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Figure 10-4 -Figure 10-4 Shows the Industry's Supply and Demand Curves in and Demand

Question 112

Multiple Choice

Figure 10-4
Figure 10-4 -Figure 10-4 shows the industry's supply and demand curves in panel (1) and the cost curves of a firm in the industry in panel (2) .At S₁ , the firm is A) preparing to shut down. B) incurring losses. C) earning zero economic profits. D) earning economic profit greater than zero.
-Figure 10-4 shows the industry's supply and demand curves in panel (1) and the cost curves of a firm in the industry in panel (2) .At S₁ , the firm is


A) preparing to shut down.
B) incurring losses.
C) earning zero economic profits.
D) earning economic profit greater than zero.

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