These are the cost and revenue curves associated with a firm.
Assuming the firm in the graph shown is producing Q1 and charging P3,it is likely showing the cost and revenue curves of a monopolistically competitive firm that is:
A) earning positive economic profits.
B) earning negative economic profits.
C) earning zero economic profits.
D) It is impossible to tell from the graph provided.
Correct Answer:
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A) is easier
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