Refer to the Graph Shown

question 94

Multiple Choice

Refer to the graph shown. If the government set the selling price equal to the marginal cost, the firm in the graph would be:

• A)making economic profits.
• B)making normal profits.
• C)sustaining losses and eventually would go out of business.
• D)making zero economic profits.

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Definitions:

Manila

The capital city of the Philippines, known for its rich history, blend of cultures, and significant role in commerce, entertainment, and arts.

Rotting Garbage

Decomposing organic waste, typically emitting a foul odor and attracting pests.

Temporary Villages

Communities established for a short period, often to support seasonal activities, construction projects, or emergency shelter.

Semiperipheral Countries

Nations in the world-system that are intermediate, neither fully core nor fully peripheral, often characterized by moderate economic development and industrialization.