Figure: The Perfectly Competitive Firm
(Figure: The Perfectly Competitive Firm) Look at the figure The Perfectly Competitive Firm.The firm faces demand curve d, has the cost curves shown, and maximizes profit.In a long-run equilibrium, this firm will produce units of output and sell its output at a
price of _.
A.100; $1.00
B.250; $1.90
C.300; $2.00
D.400; $3.00
Correct Answer:
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