Table 16-2 A Firm Has the Following Cost Structure

question 102

Multiple Choice

Table 16-2
A firm has the following cost structure:

-Refer to Table 16-2.If this firm is in a typical perfectly competitive market,when marginal revenue is $8 and price is $9,how many units of output will it likely produce in the long run

• A)0 units of output
• B)4 units of output
• C)5 units of output
• D)6 units of output

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