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The Graph Shown Displays the Marginal Cost and Marginal Revenue

Question 77

Multiple Choice

The graph shown displays the marginal cost and marginal revenue curves for a perfectly competitive firm. The graph shown displays the marginal cost and marginal revenue curves for a perfectly competitive firm.   Producing 14 units: A) is not as profitable as producing 11 units. B) will earn the firm negative profits. C) is more profitable than producing 9 or 11 units. D) will earn the firm zero profit. Producing 14 units:


A) is not as profitable as producing 11 units.
B) will earn the firm negative profits.
C) is more profitable than producing 9 or 11 units.
D) will earn the firm zero profit.

Correct Answer:

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