Figure 14-4 -Refer to Figure 14-4.In the Short Run,if the Market Price

question 100

Multiple Choice

Figure 14-4
-Refer to Figure 14-4.In the short run,if the market price is higher than P1 but less than P4,individual firms in a competitive industry will earn

• A) positive profits.
• B) zero profits.
• C) losses but will remain in business.
• D) losses and will shut down.

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