This question relates to the graph labelled “Producing Almon

This question relates to the graph labelled “Producing Almon

This question relates to the graph labelled “Producing Almonds – Perfectly Competitive Firm” it… Show more This question relates to the graph labelled “Producing Almonds – Perfectly Competitive Firm” it shows the price and cost on the vertical axis and the quantity produced by the firm on the horizontal axis. If the market price for this firm’s output is $3.10 then A. The firm is making positive economic profits. B. The firm is making zero economic profits. C. In the short run this firm will not produce. D. In the long run this firm may go out of business, but in the short run it will produce. • Show less

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