Economic profit is ____. 175) In a competitive industry when the plant size of
A. included in the firms total cost each firm and the number of firms remain con-
B. equal to normal profit minus total cost stant, the quantity supplied by all firms at each
C. equal to total revenue minus marginal cost price is shown on the ____.
D. equal to total revenue minus total cost A) vertical supply curve at the shutdown point
Answer:D
Economic profit is ____. 175) In a competitive industry when the plant size of
A. included in the firms total cost each firm and the number of firms remain con- B. equal to normal profit minus total cost stant, the quantity supplied by all firms at each C. equal to total revenue minus marginal cost price is shown on the ____. D. equal to total revenue minus total cost A) vertical supply curve at the shutdown point