Table 14-7 Suppose That a Firm in a Competitive Market Faces the Faces

question 109

Multiple Choice

Table 14-7
Suppose that a firm in a competitive market faces the following revenues and costs:

-Refer to Table 14-7.If the firm is maximizing profit,how much profit is it earning?

• A) $0
• B) $1
• C) $10
• D) There is insufficient data to determine the firm's profit.

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