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FIGURE 9-5 -Refer to Figure 9-5. If the Firm Sets a Price

question 110

Multiple Choice

FIGURE 9-5
FIGURE 9-5    -Refer to Figure 9-5. If the firm sets a price to maximize profits, will it earn a profit or suffer a loss? A)  an economic profit of $3250 B)  an economic profit of $2500 C)  an economic profit of $1500 D)  an economic loss of $1500
-Refer to Figure 9-5. If the firm sets a price to maximize profits, will it earn a profit or suffer a loss?


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