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-Use the Figure Above to Answer This Question

Question 26

Multiple Choice

  -Use the figure above to answer this question. Consider a perfectly competitive market experiencing good times. Figure ________ shows a firm maximising profit in the short run because it produces ________ units and makes an economic profit of ________. A)  A; 100; $2 per unit B)  C; 100; $3 per unit C)  B; 100; $0 per unit D)  A; 90; $3 per unit E)  C; 110; $2 per unit
-Use the figure above to answer this question. Consider a perfectly competitive market experiencing good times. Figure ________ shows a firm maximising profit in the short run because it produces ________ units and makes an economic profit of ________.


A) A; 100; $2 per unit
B) C; 100; $3 per unit
C) B; 100; $0 per unit
D) A; 90; $3 per unit
E) C; 110; $2 per unit

Correct Answer:

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