-Refer to Figure 10-14. What is the area that represents the firm's profit? A) profit = 0 B) P₄edP₂ C) P₄eaP₁ D) P₃baP₂

Name: -Refer to Figure 10-14. What is the area that represents the firm's profit? A) profit = 0 B) P 4 edP 2 C) P 4 eaP 1 D) P 3 baP 2
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The area that represents the firm's profit is the area above the average total cost curve and below the price line. In this case, that area is P4edP2.