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Refer to the Graph Shown

Question 62

Multiple Choice

Refer to the graph shown. If the market price is P2, the firm will produce: Refer to the graph shown. If the market price is P<sub>2</sub>, the firm will produce: A) Q<sub>2</sub> and incur a loss. B) Q<sub>3</sub> and earn a profit. C) Q<sub>3</sub> and break even. D) Q<sub>4</sub> and incur a loss.


A) Q2 and incur a loss.
B) Q3 and earn a profit.
C) Q3 and break even.
D) Q4 and incur a loss.

Correct Answer:

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