Figure 8.9 -Refer to Figure 8.9.Suppose the Prevailing Price Is $20 and Is

question 72

Multiple Choice

Figure 8.9
-Refer to Figure 8.9.Suppose the prevailing price is $20 and the firm is currently producing 1350 units.In the long-run equilibrium, the firm represented in the diagram

• A)will continue to produce the same quantity.
• B)will reduce its output to 1100 units.
• C)will reduce its output to 750 units.
• D)will cease to exist.

---

Definitions:

Risk Taking

The act or practice of undertaking actions that involve danger or risk in order to achieve a desired outcome.

Traits

are distinguishing qualities or characteristics that make up an individual's personality.

Behaviors

The actions, conduct, or manners of an individual or organism, often in response to external stimuli.

Survive and Reproduce

Fundamental biological imperatives driving the behavior and evolution of living organisms.