Figure 14-2 Suppose a Firm Operating in a Competitive Market Has the Has

question 358

Multiple Choice

Figure 14-2
Suppose a firm operating in a competitive market has the following cost curves:

-Refer to Figure 14-2.If the market price is P4,in the short run the firm will earn

• A) positive economic profits.
• B) negative economic profits but will try to remain open.
• C) negative economic profits and will shut down.
• D) zero economic profits.

---

Definitions:

Gentle Backrub

A soft, soothing massage applied to the back to relieve tension or discomfort.

Extra Blanket

An additional covering used to provide warmth or comfort, often used in colder climates or as needed for extra warmth.

Zolpidem

A medication commonly used for the short-term treatment of sleeping problems, operating by slowing brain activity.

Triazolam

A sedative-hypnotic medication used in the short-term treatment of insomnia, belonging to the benzodiazepine class.