Use the Figure Below to Answer the Following Questions

question 78

Multiple Choice

Use the figure below to answer the following questions.

Figure 12.4.3
-Refer to Figure 12.4.3 which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market.Firms are

• A)making an economic profit, and some firms leave the market.Market supply decreases.
• B)making an economic profit, and some firms enter the market.Market supply increases.
• C)incurring an economic loss, and some firms leave the market.Market supply decreases.
• D)incurring an economic loss, and some firms enter the market.Market supply increases.
• E)loss, but since they are covering average variable cost, no one will exit the market in the long run.

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Definitions:

Nurse Implements

Tools and devices used by nurses to provide care to patients.

Mnemonics

Memory aids or tricks used to enhance the ability to remember information.

Complex Material

Content that is difficult to understand or analyze because of its intricacy or depth.

Ample Opportunity

A situation or environment where there is a generous amount of chances available for success or advancement.