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Refer to Figure 22

Question 88

Multiple Choice

Refer to Figure 22.3 for a perfectly competitive firm. If the market price is $15, A) The firm should produce 39 units. B) The firm should shut down. C) The firm will have above-normal profits. D) Economic profits will be zero. Refer to Figure 22.3 for a perfectly competitive firm. If the market price is $15,


A) The firm should produce 39 units.
B) The firm should shut down.
C) The firm will have above-normal profits.
D) Economic profits will be zero.

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