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The Figure Below Shows Cost Curves of a Firm in a Competitive

Question 43

Multiple Choice

The figure below shows cost curves of a firm in a competitive market. The firm always makes the choice to maximize its profit.
The figure below shows cost curves of a firm in a competitive market. The firm always makes the choice to maximize its profit. -Refer to the figure above.If the market price of the product is $3.25,what is the firm's fixed cost? A) $1,200 B) $1,100 C) $900 D) $600
-Refer to the figure above.If the market price of the product is $3.25,what is the firm's fixed cost?


A) $1,200
B) $1,100
C) $900
D) $600

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