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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 21

Question 21

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 $2, how much profit will the firm earn? A)  $600 B)  -$600 C)  zero D)  $400
These are the cost curves for a perfectly competitive firm.
-If market price is $2, how much profit will the firm earn?


A) $600
B) -$600
C) zero
D) $400

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