Refer to the accompanying figure to answer the following questions.
-If the price is $8,the firm is making
A) a loss and will exit the market.
B) a profit and will exit the market.
C) a loss and more firms will enter the market.
D) a profit and more firms will enter the market in the long run.
E) zero profit and the market is at long-run equilibrium.
Correct Answer:
Verified
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