a) If price is $9, which of the following is true? O. 1) The firm is earning a negative profit, but would remain open. O. 2) The firm is earning a positive profit. O. 3) The firm is earning a negative profit, but should close immediately. O. 4) The firm is earning a normal economic profit. b) If price is $15, is this firm earning a profit or loss? O1) positive profit O 2) loss O 3)negative profit O 4) not enough information to tell

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