The following figure shows the marginal cost curve and the average total cost curve of a firm operating in a perfectly competitive industry.

-Refer to the figure above.What price does the firm face in the market?
A) $2
B) $4
C) $6
D) $8

Question

The following figure shows the marginal cost curve and the average total cost curve of a firm operating in a perfectly competitive industry.
 
-Refer to the figure above.What price does the firm face in the market?
A) $2 
B) $4 
C) $6 
D) $8

Quizplus · Accepted Answer

The Answer of The following figure shows the marginal cost curve and the average total cost curve of a firm operating in a perfectly competitive industry.
 
-Refer to the figure above.What price does the firm face in the market?
A) $2 
B) $4 
C) $6 
D) $8

The Following Figure Shows the Marginal Cost Curve and the Average