In Figure 23.3, diagram "a" presents the cost curves that are relevant to a firm's production decision, and diagram "b" shows the market demand and supply curves for the market.Use both diagrams to answer the following question: In Figure 23.3, the price at which a firm makes zero economic profits is
A) p1.
B) p2.
C) p3.
D) p4.

Question

In Figure 23.3, diagram "a" presents the cost curves that are relevant to a firm's production decision, and diagram "b" shows the market demand and supply curves for the market.Use both diagrams to answer the following question: In Figure 23.3, the price at which a firm makes zero economic profits is
A) p1. 
B) p2. 
C) p3. 
D) p4.

Quizplus · Accepted Answer

The Answer of  In Figure 23.3, diagram "a" presents the cost curves that are relevant to a firm's production decision, and diagram "b" shows the market demand and supply curves for the market.Use both diagrams to answer the following question: In Figure 23.3, the price at which a firm makes zero economic profits is
A) p1. 
B) p2. 
C) p3. 
D) p4.