18:29You16 August, 19:12Use the diagram below which shows the short-runconditions of a firm in a perfectly competitive marketto answer the question.MCАСE145AR = MR115Quantity725The firm is makingA. a normal loss of R21 750.B. an economic profit of R105 125.C. an economic profit of R21 750.D. an economic loss of R83 375.what's the answer.Unit revenue and cost

Answer: C. An economic profit of R21750 In a perfect market, the industry is the price maker and the…

Use the diagram below which shows the short-run conditions of a firm in a perfectly competitive market to answer the question. MC AC E 145 AR = MR 115 M Quantity 725 The firm is making _ A. a normal loss of R21 750. B. an economic profit of R105 125. C. an economic profit of R21 750. D. an economic loss of R83 375. Unit revenue and cost

Use the diagram below which shows the short-run conditions of a firm in a perfectly competitive market to answer the question. MC AC E 145 AR = MR 115 M Quantity 725 The firm is making _ A. a normal loss of R21 750. B. an economic profit of R105 125. C. an economic profit of R21 750. D. an economic loss of R83 375. Unit revenue and cost

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter12: Firms In Perfectly Competitive Markets

Section: Chapter Questions

Problem 13P

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Similar questions

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