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In Figure 23

Question 61

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, the price at which a firm makes zero economic profits is A) p1. B) p2. C) p3. D) p4. 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, the price at which a firm makes zero economic profits is


A) p1.
B) p2.
C) p3.
D) p4.

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