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-Given the Total Cost and Total Revenue Curves in the Above

Question 101

Multiple Choice

-Given the total cost and total revenue curves in the above figure, what are the output levels at which the perfect competitor will incur economic losses? A) below 80,000 bushels B) from 30,000 to 80,000 bushels C) below 30,000 bushels and over 80,000 bushels D) at 30,000 bushels and at 80,000 bushels
-Given the total cost and total revenue curves in the above figure, what are the output levels at which the perfect competitor will incur economic losses?


A) below 80,000 bushels
B) from 30,000 to 80,000 bushels
C) below 30,000 bushels and over 80,000 bushels
D) at 30,000 bushels and at 80,000 bushels

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