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A Perfectly Competitive Firm Produces 3000 Units of a Good

Question 53

Multiple Choice

A perfectly competitive firm produces 3000 units of a good at a total cost of $36 000.The price of each good is $10.What is the firm's short-run profit or loss?


A) Loss of $6000
B) Profit of $6000
C) Profit of $30 000
D) There is insufficient information to answer the question.

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