Consider a Firm Operating with the Following: Price = 10;

question 75

Multiple Choice

Consider a firm operating with the following: price = 10; MR = 10; MC = 10; ATC = 10. This firm is:

• A) making an economic profit of 10.
• B) an example of monopolistic competition.
• C) going to go out of business in the long run.
• D) a monopolist for a product with a relatively inelastic demand.
• E) perfectly competitive in long-run equilibrium.

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