Figure 12-16 -Refer to Figure 12-16.Which Panel Best Represents the Perfectly Competitive

Multiple Choice

Figure 12-16

-Refer to Figure 12-16.Which panel best represents the perfectly competitive organic produce market in which firms are breaking even, economically, organic produce is considered a normal good, and the average income level of consumers is rising?

A) Panel A
B) Panel B
C) Panel C
D) Panel D