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Consider the Following Figure That Shows the Demand and the Cost

Question 64

Multiple Choice

Consider the following figure that shows the demand and the cost curves of a perfectly competitive firm. The firm will earn zero economic profit _____. ​
Figure 8.3
Consider the following figure that shows the demand and the cost curves of a perfectly competitive firm. The firm will earn zero economic profit _____. ​ Figure 8.3 A) at a price of P<sub>1</sub> B) at a price of P<sub>2</sub> C) at a price of P<sub>3</sub> D) at a price between P<sub>1</sub> and P<sub>2</sub> E) at a price above P<sub>1</sub>


A) at a price of P1
B) at a price of P2
C) at a price of P3
D) at a price between P1 and P2
E) at a price above P1

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