If the competitive firm depicted in this diagram produces output Q, it will Multiple Choice achieve productive efficiency but not allocative efficiency. suffer an economic loss. earn a normal profit. earn an economic profit.

On a graph, a demand curve depicts the relationship between quantity requested and price in a specific market.
According to the law of demand, a greater price usually results in a smaller amount required.
A supply schedule is a table that indicates the quantity supplied at various market prices.
Equilibrium is reached when the quantities demanded and supplied are equal.
In a graph, we can depict a market in equilibrium by showing the combined price and quantity at which the supply and demand curves intersect.

As we can see in the diagram MC and ATC intersect at the point of price, thus at that point the firm will earn the normal profit.

Therefore, if this competitive firm produces output Q, it will (B) earn a normal profit.

Know more about A demand curve here:

https://brainly.com/question/14663994

#SPJ4

Complete question:

If this competitive firm produces output Q, it will:

A. suffer an economic loss.

B. earn a normal profit.

C. earn an economic profit.

D. achieve productive efficiency, but not allocative efficiency.