Use the figure below to answer the following questions. 
Figure 11.2.2
-Refer to Figure 11.2.2,which shows a perfectly competitive firm's economic profit and loss.The firm is incurring a loss at
Definitions:
Unionized Plants
Factories or workplaces where the employees are represented by a union for collective bargaining with the management.
Labor Market
The supply of available workers in relation to available employment.
Product Market
The marketplace where final goods or services are traded between sellers and consumers.
Financialization
The process by which financial markets, financial institutions, and financial elites gain a greater influence over economic policy and economic outcomes.
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