Figure 14-7
-Refer to Figure 14-7. At what price is the firm's maximum profit zero?
A)$80
B)$90
C)$100
D)$125

Name: Figure 14-7 -Refer to Figure 14-7. At what price is the firm's maximum profit zero? A)$80 B)$90 C)$100 D)$125
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Question

Figure 14-7 
-Refer to Figure 14-7. At what price is the firm's maximum profit zero?
A)$80 
B)$90 
C)$100 
D)$125

Quizplus · Accepted Answer

The firm's maximum profit is zero when the price equals the average total cost (ATC). At $100, the price equals the ATC, resulting in zero economic profit.

Figure 14-7 -Refer to Figure 14-7. at What Price Is the Firm's