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Figure 6.3 -Figure 6.3 Shows the Cost Structure of a Firm in Firm

Question 99

Multiple Choice

  Figure 6.3 -Figure 6.3 shows the cost structure of a firm in a perfectly competitive market. If the market price is $3 and the firm produces the output where MR = MC, its profit is A)  -$300. B)  -$600. C)  -$900. D)  -$1,200. Figure 6.3
-Figure 6.3 shows the cost structure of a firm in a perfectly competitive market. If the market price is $3 and the firm produces the output where MR = MC, its profit is


A) -$300.
B) -$600.
C) -$900.
D) -$1,200.

Correct Answer:

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