This Graph Represents the Cost and Revenue Curves of a Firm

question 37

Multiple Choice

This graph represents the cost and revenue curves of a firm in a perfectly competitive market.
According to the graph shown,if a firm is producing at Q3:

• A)profits are being maximized.
• B)average total costs exceed the market price.
• C)the firm should expand production.
• D)All of these are true.

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