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Figure 14-3 Suppose a Firm Operating in a Competitive Market Has the Has

Question 264

Multiple Choice

Figure 14-3
Suppose a firm operating in a competitive market has the following cost curves: Figure 14-3 Suppose a firm operating in a competitive market has the following cost curves: -Refer to Figure 14-3. The firm will earn positive economic profit if the market price is A) above $6. B) positive. C) $6. B) There is no price at which the firm earns positive economic profits.
-Refer to Figure 14-3. The firm will earn positive economic profit if the market price is


A) above $6.
B) positive.
C) $6.
B) There is no price at which the firm earns positive economic profits.

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