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    Microeconomics Study Set 15
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    Exam 8: Firms in Perfectly Compitive Markets
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    -Refer to Table 8-1
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-Refer to Table 8-1

Question 163

Question 163

Multiple Choice


-Refer to Table 8-1. If the market price of each camera case is $8 and the firm maximises profit, what is the amount of the firm's profit or loss?


A) $0 (it breaks even)
B) loss of $1000
C) profit of $440
D) loss of $440

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