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Firms’ Short-Run Decisions to Produce and Long-Run Decisions to Enter or Exit a Market

AP.MICRO: PRD‑2 (EU), PRD‑2.A (LO), PRD‑2.A.1 (EK) , PRD‑2.A.2 (EK)


The cost and revenue curves for a perfectly competitive industry are shown in this graph:
What is the quantity that this firm will choose in the short run, and what is its economic profit or loss?
Choose 1 answer: