These are the cost and revenue curves associated with a firm. If the firm in the given graph were to maximize profits,it would:
A) produce Q1 and charge P3.
B) cause deadweight loss.
C) earn zero economic profits.
D) All of these statements are true.

Question

These are the cost and revenue curves associated with a firm.  If the firm in the given graph were to maximize profits,it would:
A) produce Q1 and charge P3. 
B) cause deadweight loss. 
C) earn zero economic profits. 
D) All of these statements are true.

Quizplus · Accepted Answer

The Answer of These are the cost and revenue curves associated with a firm.  If the firm in the given graph were to maximize profits,it would:
A) produce Q1 and charge P3. 
B) cause deadweight loss. 
C) earn zero economic profits. 
D) All of these statements are true.

These Are the Cost and Revenue Curves Associated with a Firm