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    Principles of Economics Study Set 1
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    Exam 6: Perfectly Competitive Supply
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    Refer to the Accompanying Graph
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Refer to the Accompanying Graph

Question 31

Question 31

Multiple Choice

Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit if output is $15, what is this firm's profit-maximizing level of output? Refer to the accompanying graph. If this firm is a price taker, then when the price of each unit if output is $15, what is this firm's profit-maximizing level of output?   A) 0 B) 45 C) 60 D) 80


A) 0
B) 45
C) 60
D) 80

Correct Answer:

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