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Refer to the Accompanying Graph

Question 106

Multiple Choice

Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit of output is $30, how much profit does this firm earn at its profit-maximizing level of output? Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit of output is $30, how much profit does this firm earn at its profit-maximizing level of output? A) $500 B) $800 C) $1,200 D) $1,600


A) $500
B) $800
C) $1,200
D) $1,600

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