The Table Gives Data for a Purely Competitive Firm

question 229

Multiple Choice

The table gives data for a purely competitive firm. When the firm produces 3 units of output, it makes an economic

• A)profit of $45.
• B)profit of $21.
• C)profit of $18.
• D)loss of $24.

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Definitions:

White-Hat

Refers to ethical computer hackers or cybersecurity professionals who use their skills to protect systems and information from malicious hackers.

Black-Hat

Refers to unethical or illegal hacking done to exploit or harm systems, often for personal gain or to create disruption.

Hackers

Individuals with advanced computer skills who use their knowledge to gain unauthorized access to systems or networks, often with malicious intent.

Cybercrime

Any criminal action perpetrated primarily through the use of a computer.