Refer to Figure 13-11. The firm represented in the diagram
A) makes zero economic profit.
B) should exit the industry.
C) makes zero accounting profit.
D) should expand its output to take advantage of economies of scale.
A
Economics
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Macroeconomic equilibrium can occur at any point on the 45-degree line
Indicate whether the statement is true or false
Economics
The payment of subsidies to firms who locate in high unemployment, depressed regions
A) is an example of a program to cure job discrimination. B) is an example of a program to cure "mismatch unemployment." C) has been universally successful in curing unemployment. D) is "bribery" and against the law.
Economics