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Exhibit: Profit Maximizing
-(Exhibit: Profit Maximizing) The exhibit shows cost curves for a firm operating in a perfectly competitive market. If the market price is P4, the firm will produce _______ in the short run.
A) q2 and break even
B) q2 and make an economic profit
C) q3 and make an economic profit per unit equal to the vertical distance between P4 and Curve N at that quantity
D) q2 and make an economic profit per unit equal to the vertical distance between P4 and Curve O at that quantity
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