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FIGURE 9-5 -Refer to Figure 9-5. If the Firm Sets a Price

Question 65

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FIGURE 9-5
FIGURE 9-5 -Refer to Figure 9-5. If the firm sets a price to maximize profits, will it earn a profit or suffer a loss? A) an economic profit of $3250 B) an economic profit of $2500 C) an economic profit of $1500 D) an economic loss of $1500
-Refer to Figure 9-5. If the firm sets a price to maximize profits, will it earn a profit or suffer a loss?


A) an economic profit of $3250
B) an economic profit of $2500
C) an economic profit of $1500
D) an economic loss of $1500

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