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question 201

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Use the following to answer question(s) :
Exhibit: Profit Maximizing
Use the following to answer question(s) :  Exhibit: Profit Maximizing    -(Exhibit: Profit Maximizing)  The exhibit shows cost curves for a firm operating in a perfectly competitive market. If the market price is P<sub>4</sub>: A)  firms will leave the industry and the price will fall in the long run. B)  there will be economic profits and firms will enter the industry in the long run. C)  the market supply curve will shift to the left and price will fall in the long run. D)  the firm will continue producing q<sub>3</sub> and will continue to make economic profits in the long run.
-(Exhibit: Profit Maximizing) The exhibit shows cost curves for a firm operating in a perfectly competitive market. If the market price is P4:

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Definitions:

Oropharyngeal Membrane

The oropharyngeal membrane is an embryonic structure that contributes to the formation of the mouth and pharynx in a developing embryo.

Cloacal Membrane

In early embryonic development, the membrane that temporarily closes the ventral body wall at the location of the future anus and urogenital openings.

Digestive Tract

Mouth, oropharynx, esophagus, stomach, small intestine, and large intestine.

Apical Ectodermal Ridges

Thickened regions of ectoderm important for the induction and growth of the limbs in developing embryos.

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