The Figure Below Shows Cost Curves of a Firm in a Competitive

question 117

Multiple Choice

The figure below shows cost curves of a firm in a competitive market. The firm always makes the choice to maximize its profit.

-Refer to the figure above.If the market price of the product is $3.25,what is the firm's total cost?

• A) $3,900
• B) $3,575
• C) $2,700
• D) $2,100

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