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The First Table Shows Cost Data for a Single Firm

Question 134

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The first table shows cost data for a single firm. Now suppose that there are 600 identical firms in this industry, each with the same cost data. Suppose, too, that the demand curve for this industry is as shown in the second table. At equilibrium, each firm will realize A) an economic profit of $155. B) an economic profit of $35. C) a loss of $45. D) a loss of $135. The first table shows cost data for a single firm. Now suppose that there are 600 identical firms in this industry, each with the same cost data. Suppose, too, that the demand curve for this industry is as shown in the second table. The first table shows cost data for a single firm. Now suppose that there are 600 identical firms in this industry, each with the same cost data. Suppose, too, that the demand curve for this industry is as shown in the second table. At equilibrium, each firm will realize A) an economic profit of $155. B) an economic profit of $35. C) a loss of $45. D) a loss of $135. At equilibrium, each firm will realize


A) an economic profit of $155.
B) an economic profit of $35.
C) a loss of $45.
D) a loss of $135.

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