In Order to Maximize Profit or Minimize Loss, the Firm

question 19

Multiple Choice

In order to maximize profit or minimize loss, the firm in Exhibit 10­9 should

• A)produce 100 units of output and charge $15
• B)produce 100 units of output and charge $8
• C)produce more than 100 units of output and charge less than $8
• D)produce slightly less than 100 units of output and charge more than $8
• E)shut down

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