Multiple Choice
Consider a perfectly competitive firm with MC = 10 + q.If market demand is Q = 100 - P and the current industry output is 80 units,then the firm will produce
A) zero units.
B) 10 units.
C) 20 units.
D) the answer cannot be determined without knowing what the supply curve is.
Correct Answer:
Verified
Correct Answer:
Verified
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