Multiple Choice
Use the following to answer questions:
Figure: Revenues, Costs, and Profits for Tomato Producers III
-(Figure: Revenues, Costs, and Profits for Tomato Producers III) Look at the figure Revenues, Costs, and Profits for Tomato Producers III. The market for tomatoes is perfectly competitive. If the market price of a bushel of tomatoes is $18, this farm will:
A) minimize its losses by shutting down.
B) minimize its losses by continuing to produce.
C) break even.
D) earn an economic profit.
Correct Answer:

Verified
Correct Answer:
Verified
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