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Figure 87 Figure 8

Question 151

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>2</sub>, the firm would produce A) Q<sub>2</sub> units. B) Q<sub>3</sub> units. C) Q<sub>4 </sub>units. D) zero units. Figure 8.7 shows cost and demand curves facing a profit-maximising, perfectly competitive firm.
-Refer to Figure 8.7.At price P2, the firm would produce


A) Q2 units.
B) Q3 units.
C) Q4 units.
D) zero units.

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