Exhibit 7-11 A firm's cost and marginal revenue curves

-In Exhibit 7-11,when the price rises from $5 to $8,the profit-maximizing (or loss-minimizing) firm goes from making a:
A) loss to making a smaller loss.
B) loss to making a larger loss.
C) loss to making a profit.
D) profit to making a loss.
E) profit to making a larger profit.
Correct Answer:
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