If this firm was operating in a perfectly competitive market, and the price was equal to 0 g , economic profit would be equal to which of the following areas?
A.
abcd
B.
cdgh
C.
cdef
D.
eghf
E.
abgh
Exam No： AP Micro Practice Test 4 Year：2024 Question No：APMicroeconomics2024AP0237
Answer:
D
Knowledge points:
2.6 Market Equilibrium and Consumer and Producer Surplus
3.5 Profit Maximization
3.7 Perfect Competition
Solution:
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