Use the Figure Below to Answer the Following Questions

question 28

Multiple Choice

Use the figure below to answer the following questions.
Figure 14.2.3
-Refer to Figure 14.2.3.Assume this firm faces demand curve D₂.At the profit-maximizing output level,the firm

• A)incurs an economic loss.
• B)makes zero economic profit.
• C)makes an economic profit.
• D)is not in a long-run equilibrium.
• E)is producing at its efficient scale.

---

Definitions:

Identity Politics

Political positions based on the interests and perspectives of social groups with which people identify, such as race, gender, sexuality, or religion.

Political Action

Activities or movements organized by individuals or groups to influence or enact changes in government policy or public opinion.

Political Correctness

The avoidance of expressions or actions that can exclude, marginalize, or insult groups of people traditionally discriminated against.

Marginalized Groups

Populations or communities that are excluded, disadvantaged, or relegated to the fringe of society based on a variety of factors like race, gender, economic status, or sexuality.