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Figure 13-14

Question 400

Multiple Choice

Figure 13-14 Figure 13-14 -Refer to Figure 13-14.When the market is in long-run equilibrium at point A in panel (b) ,the firm represented in panel (a) will A) have a zero economic profit. B) have a negative accounting profit. C) exit the market. D) choose to increase production to increase profit. Figure 13-14 -Refer to Figure 13-14.When the market is in long-run equilibrium at point A in panel (b) ,the firm represented in panel (a) will A) have a zero economic profit. B) have a negative accounting profit. C) exit the market. D) choose to increase production to increase profit.
-Refer to Figure 13-14.When the market is in long-run equilibrium at point A in panel (b) ,the firm represented in panel (a) will


A) have a zero economic profit.
B) have a negative accounting profit.
C) exit the market.
D) choose to increase production to increase profit.

Correct Answer:

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