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47.) in the figure above, what is Gap's economic profit? Price (dollars per jacket) 180 . . . . . . . . . ..

47.) in the figure above, what is Gap's economic profit?

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Price (dollars per jacket) 180 . . . . . . . . . .. . 5. ......" ....... ;....... ;.......;.......;.......".......;.......;....... 160 140 ..... 120 . . . . . .................. !. .. ............ . . .... 100 ... . . . . . . . . . . . . .. - :.. .. .. 80 ...... 60 . ....... ....... .... .. ....... . .i- -. .i . ..... . ... 40 . . . .... .. 20 . .? . ......... ... .... ................. .:.. . . . . . !.. .....".. . . . . . . . . ................... . . . . .. ...'. . MR 0 40 80 120 160 200 Quantity (jackets per day) O The figure shows the demand curve for Gap jackets (D), and Gap's marginal revenue curve (MR), marginal cost curve (MC), and average total cost curve (ATC). 47) In the figure above, what is Gap's economic profit? A) -$1,160 B) $5,000 C) -$5,000 D) zero

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