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-Consider the Perfectly Competitive Firm in the Figure Above

Question 429

Multiple Choice

-Consider the perfectly competitive firm in the figure above. At the profit maximizing level of output, the firm will A) make an economic profit equal to the area ABCD. B) incur an economic loss equal to the area ABCD. C) make zero economic profit. D) make an economic profit equal to the area AECD.
-Consider the perfectly competitive firm in the figure above. At the profit maximizing level of output, the firm will


A) make an economic profit equal to the area ABCD.
B) incur an economic loss equal to the area ABCD.
C) make zero economic profit.
D) make an economic profit equal to the area AECD.

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