Question: Question 31 The graph below depicts the cost structure for a firm in a competitive market. Use the graph to answer the following questions. Figure

Question 31 The graph below depicts the cost structure for a firm in a competitive market. Use the graph to answer the following questions. Figure 14-2 Price ATC MC AVC Q1Q2 Q4 Quantity Refer to Figure 14-2. When price rises from P 2 to P 3, the firm finds that O marginal cost exceeds marginal revenue at a production level of Q2. O if it produces at output level Q3 it will earn a positive profit. O it earns normal or zero profit. O All of the above are correct

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