-The Above Figure Shows Three Possible Average Total Cost Curves

question 255

Multiple Choice

-The above figure shows three possible average total cost curves.If all firms in a perfectly competitive industry each have an average total cost curve identical to ATC?,each produce 30 units,and the market price of the good is $16 per unit,then the firms

• A) make zero economic profit and firms neither enter nor exit the industry.
• B) make zero economic profit and so some firms exit the industry.
• C) incur an economic loss and so some firms exit the industry.
• D) incur an economic loss and so new firms enter the industry.
• E) make an economic profit and new firms enter the industry.

---

Definitions:

Liberal Feminism

A branch of feminism focused on achieving gender equality through political and legal reform within the current system.

Middle-class Women

Refers to females belonging to the middle socioeconomic class, often associated with moderate income, education level, and occupational status.

Radical Feminism

A perspective within feminism that calls for a radical restructuring of society to eliminate male supremacy and achieve gender equality.

Earnings Equal

The principle or goal of achieving income parity among workers, regardless of gender, ethnicity, or other potentially discriminatory factors.