-The Above Figure Shows Three Possible Average Total Cost Curves

question 171

Multiple Choice

-The above figure shows three possible average total cost curves.If all firms in a perfectly competitive industry each have an average total cost curve identical to ATC?,each produce 30 units,and the market price of the good is $16 per unit,then the firms

• A) make zero economic profit and new firms enter the market.
• B) make zero economic profit and no firms enter or exit the market.
• C) make zero economic profit and some firms exit the market.
• D) incur an economic loss and some firms exit the market.
• E) make an economic profit and new firms enter the market.

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