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-Archibald's Tattoos Is a Perfectly Competitive Firm

Question 181

Multiple Choice

-Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price of a tattoo is $12.50 what is the firm's economic profit? A) zero B) $10 per hour C) -$10 per hour D) $20 per hour
-Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price of a tattoo is $12.50 what is the firm's economic profit?


A) zero
B) $10 per hour
C) -$10 per hour
D) $20 per hour

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