Multiple Choice
Exhibit

-Refer to Exhibit. Suppose the market price equals $88 and the firm is currently producing 600 units of output. In this situation, the firm:?
A) is maximizing profit.
B) should increase production of output in order to maximize profit.
C) should decrease production of output in order to maximize profit.
D) should shut down in order to minimize economic losses.
Correct Answer:
Verified
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