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Exhibit 8.3 -Refer to Exhibit 8.3,which Shows Short-Run Profit Maximization by a Profit

Question 43

Multiple Choice

Exhibit 8.3
Exhibit 8.3    -Refer to Exhibit 8.3,which shows short-run profit maximization by a perfectly competitive firm._____,the marginal revenue of the firm is equal to its marginal cost. A) At the output level represented by point a B) At the output level represented by point b C) At the output level represented by point c D) Between the output levels represented by points a and b E) Between the output levels represented by points c and d
-Refer to Exhibit 8.3,which shows short-run profit maximization by a perfectly competitive firm._____,the marginal revenue of the firm is equal to its marginal cost.


A) At the output level represented by point a
B) At the output level represented by point b
C) At the output level represented by point c
D) Between the output levels represented by points a and b
E) Between the output levels represented by points c and d

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