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Figure 7-5 Shows Cost and Revenue Curves for a Perfectly

Question 64

Multiple Choice

Figure 7-5 shows cost and revenue curves for a perfectly competitive firm. The short-run _____ for this firm is represented by the area _____.Figure 7-5 Figure 7-5 shows cost and revenue curves for a perfectly competitive firm. The short-run _____ for this firm is represented by the area _____.Figure 7-5 A) profit; OP<sub>1</sub>Bq B) loss; OP<sub>1</sub>Bq C) profit; PABP<sub>1</sub> D) loss; PABP<sub>1</sub> E) loss; OPAq


A) profit; OP1Bq
B) loss; OP1Bq
C) profit; PABP1
D) loss; PABP1
E) loss; OPAq

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