Multiple Choice
In Figure 23.3, diagram "a" presents the cost curves that are relevant to a firm's production decision, and diagram "b" shows the market demand and supply curves for the market.Use both diagrams to answer the following question: In Figure 23.3, at a price of p3 in the long run
A) Firms will enter the market.
B) Economic profits equal zero.
C) Firms will exit the market.
D) P = ATC.
Correct Answer:

Verified
Correct Answer:
Verified
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