FIGURE 8-3 -Refer to Figure 8-3. When the Market Price Equals $54

question 71

Multiple Choice

FIGURE 8-3

-Refer to Figure 8-3. When the market price equals $54, what action should the firm take?

• A) Continue operating temporarily despite an economic loss, because the firm is able to cover all of its variable costs.
• B) Continue operating, because the firm is making a profit.
• C) Shut down.
• D) Continue operating temporarily despite an economic loss, because the firm is able to cover a portion of its fixed costs.

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