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At a Perfectly Competitive Firm's Profit-Maximizing Level of Output, Its

Question 138

Multiple Choice

At a perfectly competitive firm's profit-maximizing level of output, its total revenue is $200 and its short-run variable cost is $225.The firm


A) has a loss of $25.
B) should shut down.
C) should increase output to reduce losses.
D) should raise the price of its product.

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