Multiple Choice
Figure 14-4
Suppose a firm operating in a competitive market has the following cost curves: 
-Refer to Figure 14-4. At which price range will the firm continue to operate in the short run but earn negative profits?
A) any price higher than P4
B) any price higher than P3 but less than P4
C) any price higher than P2 but less than P3
D) any price lower than P1
Correct Answer:
Verified
Correct Answer:
Verified
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