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In Figure 23

Question 145

Multiple Choice

In Figure 23.3, diagram a presents the cost curves that are relevant to a firm's production decision, and diagram b shows the market demand and supply curves for the market. Use both diagrams to answer the following question: In Figure 23.3, the price at which a firm makes zero economic profits is A) p<sub>1</sub>. B) p<sub>2</sub>. C) p<sub>3</sub>. D) p<sub>4</sub>. In Figure 23.3, diagram "a" presents the cost curves that are relevant to a firm's production decision, and diagram "b" shows the market demand and supply curves for the market. Use both diagrams to answer the following question: In Figure 23.3, the price at which a firm makes zero economic profits is


A) p1.
B) p2.
C) p3.
D) p4.

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