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The Graph Illustrates a Firm in Long-Run Equilibrium

question 92

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The graph illustrates a firm in long-run equilibrium.Which of the following statements is true? The graph illustrates a firm in long-run equilibrium.Which of the following statements is true? A) The firm is making a normal profit, output is q*; D = MC, and MR = LRATC at q*. B) The firm is making a loss, output is q*; D = MC, and MR = LRATC. C) The firm is making a normal profit, output is q*; D = LRATC, and MR = MC at q*. D) The firm is making a loss, output is q*; D = LRATC, and MR = MC at q*.

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