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The Accompanying Table Gives Cost Data for a Firm That

Question 111

Multiple Choice

The accompanying table gives cost data for a firm that is selling in a purely competitive market. If product price is $60, the firm will A) shut down. B) produce 4 units and realize a $120 economic profit. C) produce 6 units and realize a $100 economic profit. D) produce 3 units and incur a $40 loss. The accompanying table gives cost data for a firm that is selling in a purely competitive market. If product price is $60, the firm will


A) shut down.
B) produce 4 units and realize a $120 economic profit.
C) produce 6 units and realize a $100 economic profit.
D) produce 3 units and incur a $40 loss.

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