The Figure Given Below Shows the Demand and Cost Curves

question 132

Multiple Choice

The figure given below shows the demand and cost curves of a perfectly competitive firm. Figure: 23.4 D: Demand curve
MC: Marginal cost curve
ATC: Average-total cost curve
AVC: Average-variable-cost curve
Refer to Figure 23.4.The presence of the average-variable-cost curve suggests that the firm is operating:

• A)in the short run.
• B)in the long run.
• C)at a gain.
• D)in a monopoly.
• E)at a zero profit.

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