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Exhibit 8.7 -Refer to Exhibit 8.7,which Shows the Demand and the Cost

Question 89

Multiple Choice

Exhibit 8.7
Exhibit 8.7 -Refer to Exhibit 8.7,which shows the demand and the cost curves of a perfectly competitive firm.When the market price is $3.00,_____ A) total profit is zero. B) total profit is $30.00. C) total loss is $30.00. D) total profit is $10.00. E) total loss is $10.00.
-Refer to Exhibit 8.7,which shows the demand and the cost curves of a perfectly competitive firm.When the market price is $3.00,_____


A) total profit is zero.
B) total profit is $30.00.
C) total loss is $30.00.
D) total profit is $10.00.
E) total loss is $10.00.

Correct Answer:

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