Refer to the Accompanying Figure to Answer the Following Questions

question 7

Multiple Choice

Refer to the accompanying figure to answer the following questions.

-If the price is $8,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 in the long run.
• E) zero profit and the market is at long-run equilibrium.

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Definitions:

Respiration

The process of inhaling and exhaling air to facilitate the exchange of oxygen and carbon dioxide within the body's cells.

Depolarized

A state in which sodium ions flow to the inside of the cell membrane, making the outside less positive. Depolarization occurs when a neuron responds to stimuli such as heat, pressure, or chemicals.

Nerve Impulse

Electrochemical messages transmitted from neurons to other neurons and effectors.

Cerebrum

The biggest section of the brain, which is in charge of voluntary muscle movement, sight, speech, taste, auditory processing, cognition, and memory.