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In Order to Maximize Profit or Minimize Loss, the Firm

Question 19

Multiple Choice

In order to maximize profit or minimize loss, the firm in Exhibit 10­9 should A) produce 100 units of output and charge $15 B) produce 100 units of output and charge $8 C) produce more than 100 units of output and charge less than $8 D) produce slightly less than 100 units of output and charge more than $8 E) shut down In order to maximize profit or minimize loss, the firm in Exhibit 10­9 should


A) produce 100 units of output and charge $15
B) produce 100 units of output and charge $8
C) produce more than 100 units of output and charge less than $8
D) produce slightly less than 100 units of output and charge more than $8
E) shut down

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