Multiple Choice
Refer to the figure below. If the market for doughnuts is perfectly competitive, and the price of a doughnut is 10 cents, then this firm: 
A) should shut down.
B) should produce 50 doughnuts.
C) should shut down in the long run.
D) will earn an economic loss.
Correct Answer:
Verified
Correct Answer:
Verified
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