Multiple Choice
Use the table below to answer the following questions.
Table 12.2.1
-Refer to Table 12.2.1, which gives the total revenue schedule and total cost schedule of a perfectly competitive firm. Economic profit is maximized when the firm produces ________ units of output.
A) zero
B) 7
C) 3
D) 6
E) 5
Correct Answer:

Verified
Correct Answer:
Verified
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