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Exhibit 22-2 ​ Refer to Exhibit 22-2. What Quantity of Output Does the of Output

Question 58

Multiple Choice

Exhibit 22-2 ​
Exhibit 22-2 ​ Refer to Exhibit 22-2. What quantity of output does the profit-maximizing (or loss-minimizing) firm produce? A) Q<sub>1</sub>, where marginal cost is less than marginal revenue. B) Q<sub>2</sub>, where marginal cost is equal to marginal revenue. C) Q<sub>3</sub>, where marginal cost is greater than marginal revenue. D) Q<sub>4</sub>, which maximizes the difference between marginal cost and marginal revenue.
Refer to Exhibit 22-2. What quantity of output does the profit-maximizing (or loss-minimizing) firm produce?


A) Q1, where marginal cost is less than marginal revenue.
B) Q2, where marginal cost is equal to marginal revenue.
C) Q3, where marginal cost is greater than marginal revenue.
D) Q4, which maximizes the difference between marginal cost and marginal revenue.

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