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Consider a Firm in a Perfectly Competitive Market with Total

Question 58

Multiple Choice

Consider a firm in a perfectly competitive market with total costs given by: Consider a firm in a perfectly competitive market with total costs given by: Assuming the price is equal to $23, this firm maximizes profit by producing a quantity of Q = ____. A) 63.25 B) 37.46 C) 22.64 D) 16.67 Assuming the price is equal to $23, this firm maximizes profit by producing a quantity of Q = ____.


A) 63.25
B) 37.46
C) 22.64
D) 16.67

Correct Answer:

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