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Suppose the Total Cost for Various Levels of Output for a Competitive

Question 93

Multiple Choice

Suppose the total cost for various levels of output for a competitive price-taker firm are given in the table below:
Suppose the total cost for various levels of output for a competitive price-taker firm are given in the table below: If the market price is $8, how many units should the firm produce to maximize profit? A) 5 B) 6 C) 7 D) 8
If the market price is $8, how many units should the firm produce to maximize profit?


A) 5
B) 6
C) 7
D) 8

Correct Answer:

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