The accompanying table shows cost data for a firm that is selling in a purely competitive market. If the market price for the firm's product is $60, the firm will
A)shut down.
B)produce 3 units.
C)produce 2 units.
D)produce 5 units.

Question

The accompanying table shows cost data for a firm that is selling in a purely competitive market. If the market price for the firm's product is $60, the firm will
A)shut down. 
B)produce 3 units. 
C)produce 2 units. 
D)produce 5 units.

Quizplus · Accepted Answer

The Answer of  The accompanying table shows cost data for a firm that is selling in a purely competitive market. If the market price for the firm's product is $60, the firm will
A)shut down. 
B)produce 3 units. 
C)produce 2 units. 
D)produce 5 units.

The Accompanying Table Shows Cost Data for a Firm That