Figure 7.9
-Refer to Figure 7.9.Suppose the prevailing price is $20 and the firm is currently producing 1350 units.In the long-run equilibrium,the firm represented in the diagram
A) will continue to produce the same quantity.
B) will reduce its output to 1100 units.
C) will reduce its output to 750 units.
D) will cease to exist.

Question

Figure 7.9 
-Refer to Figure 7.9.Suppose the prevailing price is $20 and the firm is currently producing 1350 units.In the long-run equilibrium,the firm represented in the diagram
A) will continue to produce the same quantity. 
B) will reduce its output to 1100 units. 
C) will reduce its output to 750 units. 
D) will cease to exist.

Quizplus · Accepted Answer

The Answer of Figure 7.9 
-Refer to Figure 7.9.Suppose the prevailing price is $20 and the firm is currently producing 1350 units.In the long-run equilibrium,the firm represented in the diagram
A) will continue to produce the same quantity. 
B) will reduce its output to 1100 units. 
C) will reduce its output to 750 units. 
D) will cease to exist.

Figure 7.9 -Refer to Figure 7.9.Suppose the Prevailing Price Is $20 and Is