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Open with Competitive Firm 8. With PA, determine if this firm makes a ( positive negative MC ATC zero ) profit in the short run

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Open with Competitive Firm 8. With "PA," determine if this firm makes a ( "positive" "negative" MC ATC "zero" ) profit in the short run by showing the profit area geometically. PA PB 9. With "PA," the price will ( "increase" "decrease" "not change" ) in the PC long run. Select the correct one. 10. In the long run, this firm eventually earns a ( "positive" "negative" "zero" ) profit. Select the correct one. Q Page 3 1 4 Q +

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