Figure: The Profit Maximizing Firm
(Figure: The Profit Maximizing Firm) Look at the figure The Profit Maximizing Firm.The figure shows cost curves for a firm operating in a perfectly competitive market.If the market price is P₄, the firm will produce quantity ________ and in the short run.
A.Q₁; break even
B.Q₃; make a profit
C.q4; break even
D.q5; lose fixed costs

Question

Figure: The Profit Maximizing Firm
  (Figure: The Profit Maximizing Firm) Look at the figure The Profit Maximizing Firm.The figure shows cost curves for a firm operating in a perfectly competitive market.If the market price is P₄, the firm will produce quantity ________ and in the short run. 
A.Q₁; break even
B.Q₃; make a profit
C.q4; break even
D.q5; lose fixed costs

Quizplus · Accepted Answer

The Answer of Figure: The Profit Maximizing Firm
  (Figure: The Profit Maximizing Firm) Look at the figure The Profit Maximizing Firm.The figure shows cost curves for a firm operating in a perfectly competitive market.If the market price is P₄, the firm will produce quantity ________ and in the short run. 
A.Q₁; break even
B.Q₃; make a profit
C.q4; break even
D.q5; lose fixed costs

Figure: the Profit Maximizing Firm