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-In the Above Figure, If the Price Is P1, the Firm

Question 32

Multiple Choice

-In the above figure, if the price is P<sub>1</sub>, the firm maximizes its profit by producing 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 maximizes its profit by producing


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

Correct Answer:

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