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Use the Figure Below to Answer the Following Questions

Question 7

Multiple Choice

Use the figure below to answer the following questions.
Use the figure below to answer the following questions.     Figure 12.3.3 -Refer to Figure 12.3.3 which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive industry.The firm is A) making an economic profit. B) incurring an economic loss. C) breaking even. D) at its shutdown point. E) none of the above.
Figure 12.3.3
-Refer to Figure 12.3.3 which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive industry.The firm is


A) making an economic profit.
B) incurring an economic loss.
C) breaking even.
D) at its shutdown point.
E) none of the above.

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