What Quantity of Output Will a Profit-Maximizing Firm in a Perfectly

question 42

Multiple Choice

What quantity of output will a profit-maximizing firm in a perfectly competitive market always produce at?

• A) at a quantity that maximizes the amount by which total revenue exceeds total cost
• B) at a quantity that brings average total cost and price into equality
• C) at a quantity that minimizes the per-unit cost of production
• D) at a quantity that is expected to maximize total revenue

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