If the Short-Run Supply Curve,the Demand Curve,and the Long-Run Supply

question 10

Multiple Choice

If the short-run supply curve,the demand curve,and the long-run supply curve all intersect at the same point,firms will experience ________ economic profits,which means the price is ________ the minimum point on the average total cost curve.

• A) positive; above
• B) zero; at
• C) negative; below
• D) negative; at
• E) zero; above

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Definitions:

Rational Suicide

The act of intentionally ending one's own life for reasons considered to be rational or justifiable, often involving a context of suffering from incurable or unbearable conditions.

Anomic

A state of normlessness or societal instability resulting from a breakdown in standards and values, often associated with rapid change.

Dramaturgical

An approach in sociology that uses the metaphor of theater to describe the ways individuals present themselves in various social contexts, attributed to Erving Goffman.

Completed Suicide

A term sometimes used to describe a suicide attempt that has resulted in death.