-The Above Figure Shows a Perfectly Competitive Firm

question 114

Multiple Choice

-The above figure shows a perfectly competitive firm.If the market price is $5 per unit,the firm

• A) will definitely shut down to minimize its losses.
• B) will stay open to produce and will make zero economic profit.
• C) will stay open to produce and will incur an economic loss.
• D) will stay open to produce and will make an economic profit.
• E) might shut down but more information is needed about the fixed cost.

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Entities that operate for a purpose other than generating profit, focusing on providing services or support for social, cultural, or environmental causes.

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