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Exhibit 8-7 -Refer to Exhibit 8-7. If the Market Price Is $90

Question 87

Multiple Choice

Exhibit 8-7 Exhibit 8-7 -Refer to Exhibit 8-7. If the market price is $90, then the amount of total economic profits for a profit-maximizing, price-taking firm is A) $0. B) -$1,000. C) $1,000. D) -$3,000. E) $3,000.
-Refer to Exhibit 8-7. If the market price is $90, then the amount of total economic profits for a profit-maximizing, price-taking firm is


A) $0.
B) -$1,000.
C) $1,000.
D) -$3,000.
E) $3,000.

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