Consider the following short- run cost curves for a perfectly competitive firm. 
FIGURE 9- 1
-Refer to Figure 9- 1. The diagram shows cost curves for a perfectly competitive firm. The price at which the firm earns zero economic profits is
Definitions:
Indian Ocean
The third largest of the world's oceanic divisions, bounded by Africa to the west, Asia to the north, Australia to the east, and the Southern Ocean to the south.
Piracy
The act of robbery or criminal violence at sea, often involving the theft of cargo or entire vessels.
Royal Navy
is the United Kingdom's naval warfare force, notable for its historic significance and role in building the British Empire.
Demobilization
The process of returning armed forces to civilian life, reducing the military size and capabilities after a period of conflict.
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