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If the Short-Run Supply Curve,the Demand Curve,and the Long-Run Supply

Question 10

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

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