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According to the Accompanying Figure,if the Price Is $5,the Firm

Question 16

Multiple Choice

According to the accompanying figure,if the price is $5,the firm is making:
According to the accompanying figure,if the price is $5,the firm is making: A) a loss and will exit the market. B) a profit and will exit the market. C) a loss and more firms will enter the market. D) a profit and more firms will enter the market. E) zero profits and the market is at long-run equilibrium.


A) a loss and will exit the market.
B) a profit and will exit the market.
C) a loss and more firms will enter the market.
D) a profit and more firms will enter the market.
E) zero profits and the market is at long-run equilibrium.

Correct Answer:

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