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Refer to Figure 22

Question 89

Multiple Choice

Refer to Figure 22.3 for a perfectly competitive firm. If the market price is $23, A) The firm should produce 31 units. B) Economic profits are zero. C) The firm should produce 25 units. D) The firm will have above-normal profits. Refer to Figure 22.3 for a perfectly competitive firm. If the market price is $23,


A) The firm should produce 31 units.
B) Economic profits are zero.
C) The firm should produce 25 units.
D) The firm will have above-normal profits.

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