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    Microeconomics Study Set 15
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    Exam 8: Firms in Perfectly Compitive Markets
  5. Question
    -Refer to Figure 8-5
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-Refer to Figure 8-5

Question 214

Question 214

Multiple Choice

  -Refer to Figure 8-5. If the market price is $20, what is the average profit at the profit-maximising quantity? A)  $5 B)  $6 C)  $9 D)  $20
-Refer to Figure 8-5. If the market price is $20, what is the average profit at the profit-maximising quantity?


A) $5
B) $6
C) $9
D) $20

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