Figure 14-2 The Figure Below Depicts the Cost Structure of a Profit-Maximizing

question 109

Multiple Choice

Figure 14-2
The figure below depicts the cost structure of a profit-maximizing firm in a competitive market.

-Refer to Figure 14-2.If the firm is in a short-run position where P < AVC,it is most likely to be on what segment of its supply curve?

• A)BC
• B)CD
• C)DE
• D)AB

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