Figure 14-3 Suppose a Firm Operating in a Competitive Market Has the Has

question 355

Multiple Choice

Figure 14-3
Suppose a firm operating in a competitive market has the following cost curves:
-Refer to Figure 14-3. The firm will earn zero economic profit if the market price is

• A)$0.
• B)$6.
• C)$7.
• D)$10.