Question: Examine the graph above. Based on the graph, we can say that a . The firm is in the long run and has an economic
Examine the graph above. Based on the graph, we can say that
a The firm is in the long run and has an economic loss
b The firm is in the short run and has an economic loss
c The firm has an economic profit but is in the long run therefore it is a monopoly
d The firm is an oligopoly
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