-The Above Figure Shows a Perfectly Competitive Firm

question 143

Multiple Choice

-The above figure shows a perfectly competitive firm.If the market price is $15 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:

Proximal End

The part of a limb or structure that is closest to the center of the body.

Radius

The radius is one of the two large bones of the forearm, located on the thumb side when the palm is facing up.

Ulna

The longer of the two bones in the forearm, running parallel to the radius and forming the elbow joint at its larger end.

Coronoid Process

A protruding structure on the upper jaw bone or on the ulna at the elbow, serving as an attachment point for muscles.