Multiple Choice
Figure 23-2. 
-Refer to Figure 23-2.Point B represents
A) a short-run equilibrium and a long-run equilibrium.
B) a short-run equilibrium but not a long-run equilibrium.
C) a long-run equilibrium but not a short-run equilibrium.
D) neither a short-run equilibrium nor a long-run equilibrium.
Correct Answer:
Verified
Correct Answer:
Verified
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