Use the Following to Answer Question

Use the following to answer question:
Figure: Comparing Long-Run Equilibriums
-(Figure: Comparing Long-Run Equilibriums) Use Figure: Comparing Long-Run Equilibriums.Which statement is TRUE?

A) Firms in the market structure shown in panel (a) cannot have profits in the long run,but those in panel (b) can.
B) Both panels show markets that have few interdependent firms.
C) Both panels show markets that produce identical products.
D) Both panels show markets that have many firms.

Correct Answer:

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