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Refer to the Accompanying Cost Table

Question 189

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Refer to the accompanying cost table. If a competitive firm faced with these costs finds that it can sell its product at $60 per unit, it will A) produce 5 units and incur a loss of $50. B) produce 6 units and incur a loss of $30. C) produce 7 units and realize a profit of $32. D) close down in the short run. Refer to the accompanying cost table. If a competitive firm faced with these costs finds that it can sell its product at $60 per unit, it will


A) produce 5 units and incur a loss of $50.
B) produce 6 units and incur a loss of $30.
C) produce 7 units and realize a profit of $32.
D) close down in the short run.

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