The above figure shows a perfectly competitive firm. If the market price is $15 per unit, the firm
A) will definitely shut down to minimize its losses.
B) will stay open to produce and will make zero economic profit.
C) will stay open to produce and will incur an economic loss.
D) will stay open to produce and will make an economic profit.
E) might shut down but more information is needed about the fixed cost.
C
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Which one of the following is not considered a financial intermediary?
A) a pension fund B) an insurance company C) a credit counselor D) a bank
In this production possibilities curve, studying zero hours for history will ______.
a. provide the opportunity to earn the highest economics grade
b. result in earning the same grade for each class
c. lower both the history and the economics grade
d. make it impossible to earn a passing grade in either class