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) https://black Vassessment take/launchpp?course assessment-id_-7931-1&course; d -66571&contenti; e e Search- Take Test Module 3 Quiz- Con Q, Q2 Q3 In a typical graph for a purely competitive firm, at the point where the total cost and total revenue curves intersect, the firm: O Earns some economic profit O Suffers some economic loss O Earns some normal profit O Suffers some accounting loss Rem Con Ev Click Save and Submit to save and submit. Click Save All Answers to save all answers. Tean Save All Answers Save and

Explanation / Answer

Answer
Option third
earns some normal profit
because the firm considers the fair return in the price so if the Total revenue is equal to total cost then the firm is earning some normal profit.

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