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Exhibit 8-7 for the Profit Maximizing Perfectly Competitive Firm

Question 99

Multiple Choice

Exhibit 8-7 Exhibit 8-7 For the profit maximizing perfectly competitive firm represented in Exhibit 8-7, which of the following is true? A) the firm will sell its output for $10 per unit and its profit will be zero B) the firm will shut down C) the firm will sell its output for $8 per unit and its profit will be negative D) the firm will sell its output for $8 per unit and its profit will be positive E) the firm will sell its output for $8 per unit and break even For the profit maximizing perfectly competitive firm represented in Exhibit 8-7, which of the following is true?


A) the firm will sell its output for $10 per unit and its profit will be zero
B) the firm will shut down
C) the firm will sell its output for $8 per unit and its profit will be negative
D) the firm will sell its output for $8 per unit and its profit will be positive
E) the firm will sell its output for $8 per unit and break even

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