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    Managerial Economics Study Set 1
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    Exam 11: Managerial Decisions in Competitive Markets
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    Refer to the Following Figure
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Refer to the Following Figure

Question 34

Question 34

Multiple Choice

Refer to the following figure:
Refer to the following figure:     These are the cost curves for a perfectly competitive firm. -If market price is $5, how much profit will the firm earn?  A) $600 B)  $900 C)  $3,000 D)  -$600
These are the cost curves for a perfectly competitive firm.
-If market price is $5, how much profit will the firm earn?


A) $600
B) $900
C) $3,000
D) -$600

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