Graph 14-3 This Graph Depicts the Cost Structure of a Profit-Maximising

question 35

Multiple Choice

Graph 14-3 This graph depicts the cost structure of a profit-maximising firm in a competitive market.Use the graph to answer the following question(s) .
-Refer to Graph 14-3.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)none of the above

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