If the Short-Run Market Supply Curve and the Demand Curve

question 2

Multiple Choice

If the short-run market supply curve and the demand curve intersect above the long-run market supply curve,firms will experience ________ economic profits,meaning the price is ________ the minimum point on the average total cost curve.

• A) positive; above
• B) positive; below
• C) negative; above
• D) negative; below
• E) zero; above

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Definitions:

Diabetic Footwear

Specially designed shoes intended to reduce the risk of skin breakdown in diabetics with existing foot disease, providing support and reducing pressure points.

Soiled Dressings

Bandages or materials that have been used to cover wounds and have become dirty or contaminated with bodily fluids and need to be changed to prevent infection.

Contaminated

Refers to objects or areas that have been infected with pathogens or polluted with hazardous substances.

Wound Treatment

Medical management and care strategies applied to injuries involving breaks in the skin or underlying tissues to promote healing and prevent infection.