The "Bubbles, Bubbles"soap Bubble Firm's Price and Cost Data Are

Multiple Choice

The "Bubbles, Bubbles"soap bubble firm's price and cost data are: price = $10;MR = $10; MC = $10; ATC = $10. This firm is

A) making an economic profit of $10
B) in monopolistic competition and in short-run equilibrium
C) about to shut down because economic profit is zero
D) a monopolist with a relatively inelastic demand
E) in a perfectly competitive market and in long-run equilibrium