Use the Figure Below to Answer the Following Questions

question 81

Multiple Choice

Use the figure below to answer the following questions.

Figure 12.3.1
-Refer to Figure 12.3.1, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive industry. In the short run, the firm will

• A)exit from the industry.
• B)break even.
• C)make an economic profit.
• D)incur an economic loss.
• E)close down.

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