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

question 62

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 P1, the profit-maximizing firm in the short run should

• A) produce output A.
• B) produce output B.
• C) produce output C.
• D) produce output D or shut down as it doesnʹt really matter which.
• E) definitely shut down.

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