Multiple Choice
Assume a perfectly competitive firm's short-run cost is TC = 100 + 160Q + 3Q2.If the market price is $196,what should it do?
A) produce 5 units and continue operating
B) produce 6 units and continue operating
C) produce zero units (i.e.,shut down)
D) Cannot be determined from the above information
Correct Answer:
Verified
Correct Answer:
Verified
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