Based on the graph above,the firm is earning:

Name: Based on the graph above,the firm is earning:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The graph shows that the firm's total revenue just covers its total costs, which means it is earning zero economic profits. However, it may still be earning normal profits, which means that it is covering its opportunity costs and receiving a fair return on its investment. Without more information, we cannot determine whether the firm is earning zero accounting profits.

Based on the Graph Above,the Firm Is Earning