Figure 14-1 Suppose That a Firm in a Competitive Market Has the Has

question 406

Multiple Choice

Figure 14-1
Suppose that a firm in a competitive market has the following cost curves:
-Refer to Figure 14-1. If the market price rises above $6.30, the firm will earn

• A)positive economic profits in the short run.
• B)negative economic profits in the short run but remain in business.
• C)negative economic profits and shut down.
• D)zero economic profits in the short run.

---

Definitions:

Notebook

A portable computer similar in functionality to a desktop computer but smaller and designed for mobile use, or a bound set of blank or ruled pages for writing notes.

File Management

The practice of organizing, storing, and maintaining files in a computer system or network to ensure easy access and efficient use of data.

Rename

The act of changing the name of a file, folder, or other objects to better reflect its content or purpose.

Apps

Short for applications, referring to software programs designed to perform specific tasks or provide services on computing devices.