Table 14-7 Suppose That a Firm in a Competitive Market Faces the Faces

question 280

Multiple Choice

Table 14-7
Suppose that a firm in a competitive market faces the following revenues and costs:

-Refer to Table 14-7.If the firm is currently producing 14 units,what would you advise the owners?

• A) decrease quantity to 13 units
• B) increase quantity to 17 units
• C) continue to operate at 14 units
• D) increase quantity to 16 units

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