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,at a price of p2 in the long run
A) Firms will enter the market.
B) Economic profits equal zero.
C) Firms will exit the market.
D) P = AVC.
Correct Answer:

Verified
Correct Answer:
Verified
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