Try another version of these questions The graph below shows cost curves for a firm operating in a perfectly competitive market. Suppose that the equilibrium price is $23 (black line). This firm is earning Hint Box 1: Select the best answer The graph below shows cost curves for a firm operating in a perfectly competitive market. Suppose that the equilibrium price is $12.98 (black line). This firm is earning Hint Box 1: Select the best answer The graph below shows cost curves for a firm operating in a perfectly competitive market. Suppose that the equilibrium price is $15.63 (black line). This firm is earning Hint Box 1: Select the best answer The graph below shows cost curves for a firm operating in a perfectly competitive market. Suppose that the equilibrium price is $17 (black line). This firm is earning Hint Box 1: Select the best answer