Refer to Figure 23.6 for a perfectly competitive firm.If this firm produces the level of output corresponding to point B in the short run, it will earn
A)The minimum loss possible.
B)The maximum profit possible.
C)A profit, although not the maximum profit possible.
D)A loss greater than necessary.

Question

Refer to Figure 23.6 for a perfectly competitive firm.If this firm produces the level of output corresponding to point B in the short run, it will earn
A)The minimum loss possible. 
B)The maximum profit possible. 
C)A profit, although not the maximum profit possible. 
D)A loss greater than necessary.

Quizplus · Accepted Answer

The Answer of  Refer to Figure 23.6 for a perfectly competitive firm.If this firm produces the level of output corresponding to point B in the short run, it will earn
A)The minimum loss possible. 
B)The maximum profit possible. 
C)A profit, although not the maximum profit possible. 
D)A loss greater than necessary.