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Question 109

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Use the following to answer question(s) :
Exhibit: Perfectly Competitive Firm
Use the following to answer question(s) : Exhibit: Perfectly Competitive Firm -(Exhibit: Perfectly Competitive Firm) The exhibit shows a perfectly competitive firm that faces demand curve d, has the cost curves shown, and maximizes profit. The firm is experiencing: A) diminishing marginal returns to its variable input. B) increasing marginal returns to its variable input. C) negative economic profit. D) zero economic profit.
-(Exhibit: Perfectly Competitive Firm) The exhibit shows a perfectly competitive firm that faces demand curve d, has the cost curves shown, and maximizes profit. The firm is experiencing:


A) diminishing marginal returns to its variable input.
B) increasing marginal returns to its variable input.
C) negative economic profit.
D) zero economic profit.

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