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mdagenh1 mdagenh1
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5 years ago Edited: 5 years ago, bio_man
Figure 12-8




Refer to Figure 12-8. Suppose the market price is $120. Which of the following is true?

• The firm earns a profit equal to the area A.

• The firm earns a profit equal to the area A + B.

• The firm suffers a loss equal to the area A.

• The firm will break even.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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wrote...
#1
5 years ago
The firm suffers a loss equal to the area A.
mdagenh1 Author
wrote...
#2
5 years ago
Thanks for your help!
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