-The Above Figure Shows Three Possible Average Total Cost Curves

question 171

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 new firms enter the market.
• B) make zero economic profit and no firms enter or exit the market.
• C) make zero economic profit and some firms exit the market.
• D) incur an economic loss and some firms exit the market.
• E) make an economic profit and new firms enter the market.

---

Definitions:

Developmental Stage

A phase in the growth or development process of an organism or entity characterized by specific physical, psychological, or emotional features.

Temperament

Refers to the inherent traits that determine how an individual reacts to and interacts with their environment.

Emotional Reactivity

The extent to which a person is sensitive to emotional material and responds intensely to emotional situations.

Social Connectedness

The sense of belonging and subjective psychological bond people feel with others and the community at large.