Refer to the accompanying figure. If the market for doughnuts is perfectly competitive, and the price of a doughnut is 25 cents, then this firm should:

Name: Refer to the accompanying figure. If the market for doughnuts is perfectly competitive, and the price of a doughnut is 25 cents, then this firm should:
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Question

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At a price of 25 cents, the firm should produce 80 doughnuts per day because, at that quantity, marginal cost equals 25 cents.

Refer to the Accompanying Figure