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Question 216

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Use the following to answer question(s) :
Exhibit: Perfectly Competitive Firm
Use the following to answer question(s) : Exhibit: Perfectly Competitive Firm -(Exhibit: Perfectly Competitive Firm) The exhibit shows a perfectly competitive firm that faces demand curve d, has the cost curves shown, and maximizes profit. The firm's economic profit per period in the long run will be: A) zero. B) $250. C) $275. D) $300.
-(Exhibit: Perfectly Competitive Firm) The exhibit shows a perfectly competitive firm that faces demand curve d, has the cost curves shown, and maximizes profit. The firm's economic profit per period in the long run will be:


A) zero.
B) $250.
C) $275.
D) $300.

Correct Answer:

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