FIGURE 9-1 -Refer to Figure 9-1. the Diagram Shows Cost Curves for Curves

question 83

Multiple Choice

FIGURE 9-1
-Refer to Figure 9-1. The diagram shows cost curves for a perfectly competitive firm. If the market price is P3, the profit-maximizing firm in the short run should

• A) produce output A.
• B) produce output F or shut down, as it doesnʹt matter which.
• C) produce output D.
• D) shut down because more profits could be earned in another industry.
• E) produce output F.

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