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    Microeconomics Study Set 22
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    Exam 8: Profit Maximization and Competitive Supply
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    Figure 8.2 -Refer to Figure 8.2. If the Firm Expects $80 to $80
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Figure 8.2 -Refer to Figure 8.2. If the Firm Expects $80 to $80

Question 55

Question 55

Multiple Choice

  Figure 8.2 -Refer to Figure 8.2. If the firm expects $80 to be the long-run price, how many units of output will it plan to produce in the long run? A)  22 B)  34 C)  38 D)  50 E)  64 Figure 8.2
-Refer to Figure 8.2. If the firm expects $80 to be the long-run price, how many units of output will it plan to produce in the long run?


A) 22
B) 34
C) 38
D) 50
E) 64

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