This diagram represents the cost structure for a single perfectly competitive fi

Question

This diagram represents the cost structure for a single perfectly competitive firm. When answering the questions on the answer sheet, please write in the correct answer. (NOTE: When answering question 9-12, put only the correct choice in the answer sheet at the end of the quiz.)

51. (a) At Price P4 what amount will the firm produce? (b) Will the firm be making a profit or a loss (indicate the correct choice)? (c) What will happen to the number of firms in this industry in the long run (indicate the correct choice)?
a. Q = _____
b. PROFIT LOSS NEITHER
c. INCREASE DECREASE REMAIN THE SAME

Explanation / Answer

I am sorry but there is not a diagram, please send one to me and I would love to answer this for you

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