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Refer to the Accompanying Graph for a Purely Competitive Firm

Question 278

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Refer to the accompanying graph for a purely competitive firm operating at a loss in the short run. Which of the following changes in its market would allow the firm to earn positive profits again? A) an increase in the market demand B) an increase in the wages of workers in the industry C) a decrease in the market demand D) a decrease in the price of the industry's product Refer to the accompanying graph for a purely competitive firm operating at a loss in the short run. Which of the following changes in its market would allow the firm to earn positive profits again?


A) an increase in the market demand
B) an increase in the wages of workers in the industry
C) a decrease in the market demand
D) a decrease in the price of the industry's product

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