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    Business
  3. Study Set
    Foundations of Macroeconomics
  4. Exam
    Exam 15: Perfect Competition
  5. Question
    -Use the Figure Above to Answer This Question
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-Use the Figure Above to Answer This Question

Question 30

Question 30

Multiple Choice

  -Use the figure above to answer this question.Figure ________ shows a short-run equilibrium in good times because the firm makes a(n) ________. A)  A; economic profit B)  A; normal profit C)  B; normal profit D)  B; economic loss E)  C; normal profit
-Use the figure above to answer this question.Figure ________ shows a short-run equilibrium in good times because the firm makes a(n) ________.


A) A; economic profit
B) A; normal profit
C) B; normal profit
D) B; economic loss
E) C; normal profit

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