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The Following Graph (A)represents the Cost Curves for a Representative

Question 95

Multiple Choice

The following graph (A) represents the cost curves for a representative firm in a perfectly competitive market.The market demand is shown in graph (B) :
The following graph (A) represents the cost curves for a representative firm in a perfectly competitive market.The market demand is shown in graph (B) :    -Refer to the above graph to answer this question.At the equilibrium price in this market,what will be the representative firm's total profit or loss? A) 0. B) A profit of $15. C) A loss of $15. D) A loss of $20. E) A loss of $360.
-Refer to the above graph to answer this question.At the equilibrium price in this market,what will be the representative firm's total profit or loss?


A) 0.
B) A profit of $15.
C) A loss of $15.
D) A loss of $20.
E) A loss of $360.

Correct Answer:

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