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Question 245

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Use the following to answer questions:
Figure: The Perfectly Competitive Firm Use the following to answer questions: Figure: The Perfectly Competitive Firm   -(Figure: Perfectly Competitive Firm)  Look at the figure The Perfectly Competitive Firm. The figure shows a perfectly competitive firm that faces demand curve d and maximizes profit. If the market price is $3, the firm will produce _____ units of output per day. A)  100 B)  250 C)  300 D)  400
-(Figure: Perfectly Competitive Firm) Look at the figure The Perfectly Competitive Firm. The figure shows a perfectly competitive firm that faces demand curve d and maximizes profit. If the market price is $3, the firm will produce _____ units of output per day.


A) 100
B) 250
C) 300
D) 400

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