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Figure 9-1 -Refer to Figure 9-1.The Diagram Shows Cost Curves for a for a Perfectly

Question 64

Multiple Choice

Figure 9-1 -Refer to Figure 9-1.The diagram shows cost curves for a perfectly competitive firm.If the market price is P 4 and the firm is producing output level F,this firm should A) expand output to quantity G. B) expand output to quantity I. C) maintain output at quantity F. D) reduce output to quantity C. E) reduce output to quantity D.
Figure 9-1
-Refer to Figure 9-1.The diagram shows cost curves for a perfectly competitive firm.If the market price is P 4 and the firm is producing output level F,this firm should

A) expand output to quantity G.
B) expand output to quantity I.
C) maintain output at quantity F.
D) reduce output to quantity C.
E) reduce output to quantity D.

Correct Answer: