Use the Figure Below to Answer the Following Question

question 46

Multiple Choice

Use the figure below to answer the following question.

Figure 12.3.2
-Refer to Figure 12.3.2, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive industry, The firm is

• A)making an economic profit.
• B)incurring an economic loss.
• C)breaking even.
• D)not maximizing economic profit.
• E)going to close down temporarily.

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Product Type

A category that differentiates between the various kinds of products available in a market or store.

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