-Total profit (or loss)
A) is the rectangle bounded by LNZX.
B) is the rectangle bounded by LMYX.
C) is the rectangle bounded by MNZY.
D) cannot be found on this graph.
Correct Answer:
Verified
Q155: For a perfectly competitive firm
A)marginal revenue will
Q156: Which of the following is NOT a
Q157: Q158: If the market price is below the Q159: The perfect competitor's demand curve is Q161: If perfect competitors are losing money in Q162: The perfect competitor can make a profit Q163: When economists say that perfect competition has Q164: A firm's most efficient output is Q165: In the long run the perfect competitor's
A)perfectly elastic.
B)perfectly
A)only
A)always its
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents