Th Final Examination (page 3 of 13) - Google Chrome X moodle.icmanitoba.ca/mod/quiz/attempt.php?attempt= 188875&cmid=147109&page=2 icm ICM O a. a competitive firm which should shut down in the short run. O b. the equilibrium position of a competitive firm in the long run. U O c. a competitive firm which is realizing an economic profit. O d. the loss-minimizing position of a competitive firm in the short run. 6 Fir Question 13 # [INVIGILATOR] Sidhant Sharma The following table shows the demand schedule facing a monopolist. Using the information below, the monopolist will select Not yet its profit-maximizing level of output somewhere within the: Time left 1:30:56 answered Marked out of P Qd 1.00 $10 Flag question 7 2 5 3 3 4 1 5 Select one: O a. 3-5 unit range of output. O b. 1-3 unit range of output. O c. 2-4 unit range of output. O d. 1-4 unit range of output. Question 14 Assume a perfectly competitive firm is maximizing profit at some output at which long-run average total cost is at a minimum. Not yet Then: Type here to search 2:33 AM O 199 Ed 4/20/2022