Multiple Choice
The figure above shows a firm's demand and marginal revenue curves and its cost curves.
-As long as the firm illustrated above remains open,it will set a price of ________ per month and it will ________.
A) $50;earn an economic profit
B) $50;incur an economic loss
C) $40;earn an economic profit
D) $40;incur an economic loss
E) less than $20;incur an economic loss
Correct Answer:
Verified
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