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unlt ATC AVG $200 120 - - 0 4.000 Quantity Refer to the Figure above. Suppose the market price is $120. Which of the following

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unlt ATC AVG $200 120 - - 0 4.000 Quantity Refer to the Figure above. Suppose the market price is $120. Which of the following is true? Select one: D a. The firm will break even. 0 b . . The firm earns a profit equal to the area A. O c . The firm suffers a loss equal to the area A. C) d . The firm suffers a loss equal to areaA + B. D e. The firm earns a proflt equal to the areaA + B. Use the figure below to answer the following question Costs and revenue Total revenue 00 I531 02 03 04 Quantity Refer to the Figure above. Suppose the firm is currently producing 02 units. What happens if it expands output to Q3 units? Select one: D a. It will be moving toward its profitmaximizing output. 0 b it will make zero economic profit. 0 C It incurs a loss. 0 d It makes less prot. 0 e Its profit increases by the size of the vertical distance df. A monopolist who charges different prices in different markets appropriates O a. some of the deadweight loss 0 b. all the deadweight loss 0 c. part of the producer's surplus 0 cl. All the economic surplus 0 e. part of the consumer's surplus

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