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Refer to the Graph Shown

Question 69

Multiple Choice

Refer to the graph shown. If this perfectly competitive firm is producing 120 units of output, the market price is equal to: Refer to the graph shown. If this perfectly competitive firm is producing 120 units of output, the market price is equal to: A) $48. B) 2.50. C) $0.40. D) impossible to determine with the information given.


A) $48.
B) 2.50.
C) $0.40.
D) impossible to determine with the information given.

Correct Answer:

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