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

Question 155

Multiple Choice

Figure 7-7 Figure 7-7 Figure 7-7 shows cost and demand curves facing a profit-maximising, perfectly competitive firm. -Refer to Figure 7-7.At price P<sub>1</sub>,the firm would produce A) Q<sub>1</sub> units. B) Q<sub>3</sub> units. C) Q<sub>5</sub> units. D) zero units. Figure 7-7 shows cost and demand curves facing a profit-maximising, perfectly competitive firm.
-Refer to Figure 7-7.At price P1,the firm would produce


A) Q1 units.
B) Q3 units.
C) Q5 units.
D) zero units.

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