Refer to the Accompanying Figure to Answer the Following Questions

question 155

Multiple Choice

Refer to the accompanying figure to answer the following questions.

-If the price is $3,the firm is making

• A) a loss and will exit the market.
• B) a profit and will exit the market.
• C) a loss and more firms will enter the market.
• D) a profit and more firms will enter the market.
• E) zero profits and the market is at long-run equilibrium.

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Definitions:

Cellulose

A polysaccharide consisting of a linear chain of several hundred to many thousands of β(1→4) linked D-glucose units, a primary structural component of plant cell walls.

Step-Growth Polymer

A type of polymerization where growth occurs through stepwise chemical reactions between monomers, oligomers, and/or polymers.

Vulcanization

A chemical process for converting rubber or related polymers into more durable materials by adding sulfur or other accelerators.

Sulfur

A nonmetallic chemical element with symbol S, known for its bright yellow color and importance in many chemical processes, including as a component of amino acids.