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

mdagenh1

wrote...

Posts: 439

Rep:

5 years ago Edited: 5 years ago, bio_man

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

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: 7^th

Authors: Hubbard, O'Brien

Read 50 times

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Btllllll

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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