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A Firm in a Competitive Market Has the Following Cost

Question 178

Multiple Choice

A firm in a competitive market has the following cost structure: A firm in a competitive market has the following cost structure: If the firm's fixed cost of production is $3,and the market price is $10,how many units should the firm produce to maximize profit? A) 1 unit B) 2 units C) 3 units D) 4 units If the firm's fixed cost of production is $3,and the market price is $10,how many units should the firm produce to maximize profit?


A) 1 unit
B) 2 units
C) 3 units
D) 4 units

Correct Answer:

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