Refer to the data provided in Table 9.3 below to answer the following question(s).
Table 9.3qTFCTVCTCMCAVCATC0$100 $0$100 ---- -- 1100401404040 140 21006016020 30 80 31009019030 30 63.334100124 224 343156 5100180 280 56 36 56 6100 264 364 84 44 60.677100 372 472 108 53.14 67.43Refer to Table 9.3. In the long run, if cost conditions do not change, this firm will earn a zero economic profit if price is
A. $20.
B. $30.
C. $40.
D. $56.
Answer: D
Economics
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