Question 41 (5 points) Saved III Listen Price and cost MO $40.50 36.00 30.00 22.00 20.00 130 180 240 Quantity Figure 12-4 shows the cost and demand curves for a profit-maximizing firm in a perfectly competitive market. a. The market price is b. The TVC is c. The economic profit is d. Suppose the market price, falls to $20, should the firm shut down? Why or why not? Previous Page Next Page Page 41 of 45 Submit Quiz O 20 ALTVS O'KEEFFES HEALTHY FEETQuestion 41 (5 points) Saved III ) Listen Price and cost MO TO $40.50 36.00 30.00 22.00 20.00 130 180 240 Quantity Figure 12-4 shows the cost and demand curves for a profit-maximizing firm in a perfectly competitive market. a. The market price is b. The TVC is c. The economic profit is d. Suppose the market price, falls to $20, should the firm shut down? Why or why not? Previous Page Next Page Page 41 of 45 Submit Quiz O 20 S ALTVS O'KEEFFE'S HEALTHY FEET