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    Principles of Microeconomics Study Set 3
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    Exam 9: Firms in a Competitive Market
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    Refer to the Accompanying Figure to Answer the Following Questions
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Refer to the Accompanying Figure to Answer the Following Questions

Question 95

Question 95

Multiple Choice

Refer to the accompanying figure to answer the following questions.
Refer to the accompanying figure to answer the following questions.    -This firm would shut down in the long run if the price A)  fell below $3. B)  fell below $8. C)  rose above $5. D)  rose above $8. E)  fell below $5.
-This firm would shut down in the long run if the price


A) fell below $3.
B) fell below $8.
C) rose above $5.
D) rose above $8.
E) fell below $5.

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