Refer to Figure 23.1 for a perfectly competitive firm. In the long run, this firm would stay in this market only if the market price was equal to or higher than
A) $5.
B) $10.
C) $15.
D) $20.

Question

Refer to Figure 23.1 for a perfectly competitive firm. In the long run, this firm would stay in this market only if the market price was equal to or higher than
A) $5. 
B) $10. 
C) $15. 
D) $20.

Quizplus · Accepted Answer

The Answer of  Refer to Figure 23.1 for a perfectly competitive firm. In the long run, this firm would stay in this market only if the market price was equal to or higher than
A) $5. 
B) $10. 
C) $15. 
D) $20.