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    Exam 12: Perfect Competition
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    -In the Above Figure, If the Price Is P<sub>1</sub>, the Firm
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-In the Above Figure, If the Price Is P1, the Firm

Question 259

Question 259

Multiple Choice

  -In the above figure, if the price is P<sub>1</sub>, the firm will produce A)  nothing. B)  where MC equals ATC. C)  where MC equals P<sub>1</sub>. D)  where ATC equals P<sub>1</sub>.
-In the above figure, if the price is P1, the firm will produce


A) nothing.
B) where MC equals ATC.
C) where MC equals P1.
D) where ATC equals P1.

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