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    Managerial Economics and Business Strategy Study Set 1
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    Exam 8: Managing in Competitive, Monopolistic, and Monopolistically Competitive Markets
  5. Question
    You Are a Manager in a Perfectly Competitive Market
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You Are a Manager in a Perfectly Competitive Market

Question 64

Question 64

Multiple Choice

You are a manager in a perfectly competitive market.The price is $14.Your total cost curve is C(Q) = 10 + 4Q + 0.5Q2.What level of output should you produce in the short run?


A) 5
B) 8
C) 10
D) 15

Correct Answer:

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