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Use the Figure Below, Which Shows the Linear Demand and Constant

Question 14

Multiple Choice

Use the figure below, which shows the linear demand and constant cost conditions facing a firm with a high barrier to entry, to answer Questions . Use the figure below, which shows the linear demand and constant cost conditions facing a firm with a high barrier to entry, to answer Questions . -The firm will earn economic profit of $______. A) $500,000 B) $750,000 C) $1,000,000 D) $1,250,000
-The firm will earn economic profit of $______.


A) $500,000
B) $750,000
C) $1,000,000
D) $1,250,000

Correct Answer:

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