-The Table Above Provides Cost Data for a Perfectly Competitive

question 56

Multiple Choice

-The table above provides cost data for a perfectly competitive firm producing toy cars. The firm is producing non- divisible goods. If the market price is $70 and the firm is a profit maximiser, the firm can earn a maximum economic profit of _______.

• A) a loss of $10
• B) a loss of $500
• C) $210
• D) a loss of $510

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