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-(Figure: The Perfectly Competitive Firm)Use Figure: The Perfectly Competitive Firm.The figure shows a perfectly competitive firm that faces demand curve d and maximizes profit.If the market price is $3,the firm will produce _____ units of output per day.

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Use the following to answer question: 
-(Figure: The Perfectly Competitive Firm)Use Figure: The Perfectly Competitive Firm.The figure shows a perfectly competitive firm that faces demand curve d and maximizes profit.If the market price is $3,the firm will produce _____ units of output per day.

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At a price of $3, the firm will produce the quantity where marginal cost (MC) equals price (P), which is 300 units of output per day. Any production quantity above or below 300 units would result in lower profits for the firm.

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