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The Figure Above Shows Cost Curves for a Perfectly Competitive

Question 51

Multiple Choice

The figure above shows cost curves for a perfectly competitive firm.If market price is $0.70,a profit-maximizing firm will produce _____ units of output and earn profits of _____. A) 500,-$450 B) 500,-$50 C) zero,-$450 D) zero,-$400 The figure above shows cost curves for a perfectly competitive firm.If market price is $0.70,a profit-maximizing firm will produce _____ units of output and earn profits of _____.


A) 500,-$450
B) 500,-$50
C) zero,-$450
D) zero,-$400

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