Figure 12-9 Figure 12-9 Shows Cost and Demand Curves

question 236

Multiple Choice

Figure 12-9 Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.
-If a firm shuts down in the short run,

• A) its loss equals zero.
• B) its loss equals its fixed cost.
• C) it makes zero economic profit.
• D) its total revenue is not large enough to cover its fixed cost.

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