Multiple Choice
If the short-run supply curve,the demand curve,and the long-run supply curve all intersect at the same point,firms will experience ________ economic profits,which means the price is ________ the minimum point on the average total cost curve.
A) positive; above
B) zero; at
C) negative; below
D) negative; at
E) zero; above
Correct Answer:

Verified
Correct Answer:
Verified
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Q7: Refer to the accompanying figure to answer
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