The accompanying table gives cost data for a firm that is selling in a purely competitive market. If product price is $60, the firm will
A)shut down.
B)produce 4 units and realize a $120 economic profit.
C)produce 6 units and realize a $100 economic profit.
D)produce 3 units and incur a $40 loss.

Question

The accompanying table gives cost data for a firm that is selling in a purely competitive market. If product price is $60, the firm will
A)shut down. 
B)produce 4 units and realize a $120 economic profit. 
C)produce 6 units and realize a $100 economic profit. 
D)produce 3 units and incur a $40 loss.

Quizplus · Accepted Answer

The Answer of  The accompanying table gives cost data for a firm that is selling in a purely competitive market. If product price is $60, the firm will
A)shut down. 
B)produce 4 units and realize a $120 economic profit. 
C)produce 6 units and realize a $100 economic profit. 
D)produce 3 units and incur a $40 loss.

The Accompanying Table Gives Cost Data for a Firm That