Multiple Choice
Use the following to answer question:
Figure: The Market for Gas Stations
-(Figure: The Market for Gas Stations) Use Figure: The Market for Gas Stations.This market is characterized by many firms,differentiated products,easy entry,and easy exit.In long-run equilibrium,the economic profit earned by the typical gas station will be:
A) equal to the level shown in the figure.
B) negative.
C) zero.
D) Not enough information is given to answer the question.
Correct Answer:

Verified
Correct Answer:
Verified
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