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What Quantity of Output Will a Profit-Maximizing Firm in a Perfectly

Question 45

Multiple Choice

What quantity of output will a profit-maximizing firm in a perfectly competitive market always produce at?


A) at a quantity that maximizes the amount by which total revenue exceeds total cost
B) at a quantity that brings average total cost and price into equality
C) at a quantity that minimizes the per-unit cost of production
D) at a quantity that is expected to maximize total revenue

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