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Question 298

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Use the following to answer question: Use the following to answer question: -(Figure: The Perfectly Competitive Firm II) Use Figure: The Perfectly Competitive Firm II.If this firm's MR curve is MR<sub>2</sub>,then this firm's optimal output is _____ units of output and its economic profit will be _____. A) Q<sub>1</sub>;positive B) Q<sub>2</sub>;negative C) Q<sub>3</sub>;positive D) Q<sub>4</sub>;negative
-(Figure: The Perfectly Competitive Firm II) Use Figure: The Perfectly Competitive Firm II.If this firm's MR curve is MR2,then this firm's optimal output is _____ units of output and its economic profit will be _____.


A) Q1;positive
B) Q2;negative
C) Q3;positive
D) Q4;negative

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