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-Refer to Figure 8-7

Question 142

Multiple Choice

-Refer to Figure 8-7. At price P<sub>1</sub>, the firm would A) lose an amount equal to its fixed cost. B) lose an amount more than fixed cost. C) lose an amount less than fixed cost. D) break even.
-Refer to Figure 8-7. At price P1, the firm would


A) lose an amount equal to its fixed cost.
B) lose an amount more than fixed cost.
C) lose an amount less than fixed cost.
D) break even.

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