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Question 163

Multiple Choice

Use the following to answer questions: Use the following to answer questions: -(Table: Total Cost for a Perfectly Competitive Firm) Look at the table Total Cost for a Perfectly Competitive Firm. If the market price is $5.50, the profit-maximizing quantity of output is _____ units. A) 5 B) 7 C) 8 D) 9
-(Table: Total Cost for a Perfectly Competitive Firm) Look at the table Total Cost for a Perfectly Competitive Firm. If the market price is $5.50, the profit-maximizing quantity of output is _____ units.


A) 5
B) 7
C) 8
D) 9

Correct Answer:

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