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ivoryhare615Lv1
6 Oct 2020
Refer to Figure 22.3 for a perfectly competitive firm. If the market price is $10,
- The firm should produce 31 units.
- The firm will shut down in the short run.
- An economic loss will occur.
- The firm will earn normal profits.
![](https://s3.amazonaws.com/prealliance-textbook-qa.oneclass.com/qa_images/homework_help/question/qa_images/219454258013872/question/0.png?img=ba77d460a1c984f080a937371f0b4f76)
Refer to Figure 22.3 for a perfectly competitive firm. If the market price is $10,
- The firm should produce 31 units.
- The firm will shut down in the short run.
- An economic loss will occur.
- The firm will earn normal profits.
Chika IlonahLv10
2 Nov 2020