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Figure 14-4 -Refer to Figure 14-4.In the Short Run,if the Market Price

Question 223

Multiple Choice

Figure 14-4 Figure 14-4 -Refer to Figure 14-4.In the short run,if the market price is P4,individual firms in a competitive industry will earn A) positive profits. B) zero profits. C) losses but will remain in business. D) losses and will shut down.
-Refer to Figure 14-4.In the short run,if the market price is P4,individual firms in a competitive industry will earn


A) positive profits.
B) zero profits.
C) losses but will remain in business.
D) losses and will shut down.

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