Consider the following short- run cost curves for a profit- maximizing firm in a perfectly competitive industry.
FIGURE 9- 2
-Refer to Figure 9- 2.If the current market price is $6,the profit- maximizing output for this firm is
A) 300 units.
B) 500 units.
C) 200 units.
D) 100 units.
E) 400 units.
Correct Answer:
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