The firm depicted in Figure 8.1 is: A) earning a positive economic pr
The firm depicted in Figure 8.1 is:
A) earning a positive economic profit.
B) incurring an economic loss and should shut down.
C) incurring an economic loss but it should continue to operate in the short run so long as price exceeds average variable costs.
D) earning a zero economic profit.
ANSWER
A
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