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Figure 7-5 Figure 7-5 Shows Cost and Demand Curves

Question 91

Multiple Choice

Figure 7-5 Figure 7-5 Figure 7-5 shows cost and demand curves facing a typical firm in a constant-cost, perfectly competitive industry. -Refer to Figure 7-5.If the market price is $20,what is the average profit at the profit-maximising quantity? A) $5 B) $6 C) $9 D) $20 Figure 7-5 shows cost and demand curves facing a typical firm in a constant-cost, perfectly competitive industry.
-Refer to Figure 7-5.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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