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(Figure: the Profit-Maximizing Output and Price) Look at the Figure

Question 54

Essay

(Figure: The Profit-Maximizing Output and Price) Look at the figure The Profit-Maximizing Output and Price.Assume that there are no fixed costs and AC = MC = $200.At the profit- maximizing output and price for a perfect competitor, profit is:
A.$0.
B.$200.
C.$1,600.
D.$3,200.

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