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Consider the Following Diagram Where a Perfectly Competitive Firm Faces

Question 127

Multiple Choice

Consider the following diagram where a perfectly competitive firm faces a price of $40. Consider the following diagram where a perfectly competitive firm faces a price of $40. Figure 8.1 -Refer to Figure 8.1. At the profit-maximizing level of output, total revenue is A) $1200. B) $2160. C) $2400. D) $2680. E) $3160. Figure 8.1
-Refer to Figure 8.1. At the profit-maximizing level of output, total revenue is


A) $1200.
B) $2160.
C) $2400.
D) $2680.
E) $3160.

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