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    Microeconomics Study Set 23
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    Exam 8: Profit Maximization and Competitive Supply
  5. Question
    Figure 8.7.2 -Refer to Figure 8.7.2 Above. in Long Run Equilibrium, How
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Figure 8.7.2 -Refer to Figure 8.7.2 Above. in Long Run Equilibrium, How

Question 24

Question 24

Multiple Choice

  Figure 8.7.2 -Refer to Figure 8.7.2 above. In long run equilibrium, how much is the economic profit of the firm expected to be? A)  $3.64 million B)  $3 million C)  zero D)  somewhere between $3 and $3.64 million Figure 8.7.2
-Refer to Figure 8.7.2 above. In long run equilibrium, how much is the economic profit of the firm expected to be?


A) $3.64 million
B) $3 million
C) zero
D) somewhere between $3 and $3.64 million

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