-The Above Figure Shows a Perfectly Competitive Firm

question 168

Multiple Choice

-The above figure shows a perfectly competitive firm.If the market price is $20 per unit,the firm

• A) will definitely shut down to minimize its losses.
• B) will stay open to produce and will make zero economic profit.
• C) will stay open to produce and will incur an economic loss.
• D) will stay open to produce and will make an economic profit.
• E) might shut down but more information is needed about the fixed cost.

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Definitions:

Pigmentation

The coloring of a person's skin, hair, mucous membranes, and retina of the eyes, which is determined by the amount and type of melanin produced by the body.

Chloasma

Dark, discolored patches on the skin, often occurring in pregnant women; also known as melasma or the "mask of pregnancy."

Shortness of Breath

A condition in which one experiences difficulty breathing or feels suffocated, often indicative of a respiratory system issue or cardiac problem.

Estrogen

A group of hormones responsible for the development and regulation of female sexual characteristics and reproductive system.