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

Question 23

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 revenue? A) $3,900 B) $3,575 C) $2,700 D) $2,100
-Refer to the figure above. If the market price of the product is $3.25, what is the firm's revenue?


A) $3,900
B) $3,575
C) $2,700
D) $2,100

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