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Refer to the Diagram

Question 196

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Refer to the diagram. If a firm produces output Q ₁ at a unit cost of c, then the A) firm is operating in a purely competitive industry. B) firm is maximizing profits. C) marginal product per dollars' worth of each resource employed is not the same. D) firm is fulfilling the least-cost rule in employing resources. Refer to the diagram. If a firm produces output Q ₁ at a unit cost of c, then the


A) firm is operating in a purely competitive industry.
B) firm is maximizing profits.
C) marginal product per dollars' worth of each resource employed is not the same.
D) firm is fulfilling the least-cost rule in employing resources.

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