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Question 297

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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: The Perfectly Competitive Firm) Look at the figure The Perfectly Competitive Firm. The firm faces demand curve d and maximizes profit. In a long-run equilibrium, this firm will produce _____ units of output and sell its output for _____. A) 100; $1.00 B) 250; $1.90 C) 300; $2.00 D) 400; $3.00
-(Figure: The Perfectly Competitive Firm) Look at the figure The Perfectly Competitive Firm. The firm faces demand curve d and maximizes profit. In a long-run equilibrium, this firm will produce _____ units of output and sell its output for _____.


A) 100; $1.00
B) 250; $1.90
C) 300; $2.00
D) 400; $3.00

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