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The Firm Represented by the Diagram Would Maximize Its Profit

Question 31

Multiple Choice

The firm represented by the diagram would maximize its profit where A) curves (2) and (1) intersect. B) curve (1) touches the horizontal axis for the second time. C) the vertical distance between curves (3) and (4) is the greatest. D) curves (3) and (4) intersect. The firm represented by the diagram would maximize its profit where


A) curves (2) and (1) intersect.
B) curve (1) touches the horizontal axis for the second time.
C) the vertical distance between curves (3) and (4) is the greatest.
D) curves (3) and (4) intersect.

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