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-In the Above Figure, If the Price Is P1, the Firm

Question 353

Multiple Choice

-In the above figure, if the price is P<sub>1</sub>, the firm is A) making an economic profit. B) incurring an economic loss. C) making zero economic profit. D) earning enough revenue to pay all of its opportunity costs.
-In the above figure, if the price is P1, the firm is


A) making an economic profit.
B) incurring an economic loss.
C) making zero economic profit.
D) earning enough revenue to pay all of its opportunity costs.

Correct Answer:

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