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Figure 87 Figure 8

Question 188

Multiple Choice

Figure 8.7 Figure 8.7 Figure 8.7 shows cost and demand curves facing a profit-maximising, perfectly competitive firm. -Refer to Figure 8.7.At price P<sub>4</sub>, the firm would produce A) Q<sub>3</sub> units. B) Q<sub>4</sub> units. C) Q<sub>5 </sub>units. D) Q<sub>6</sub> units. Figure 8.7 shows cost and demand curves facing a profit-maximising, perfectly competitive firm.
-Refer to Figure 8.7.At price P4, the firm would produce


A) Q3 units.
B) Q4 units.
C) Q5 units.
D) Q6 units.

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