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Refer to the Above Graph

question 54

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  Refer to the above graph.It shows the cost curves for a competitive firm.If the market price falls to $0.55,the optimal output rate is: A)  0. B)  15. C)  20. D)  more than 20,but less than 35. Refer to the above graph.It shows the cost curves for a competitive firm.If the market price falls to $0.55,the optimal output rate is:

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Definitions:

Unamortized Patent

The cost of a patent that has not yet been gradually written off as an expense over its useful life.

Adjustment Necessary

A modification or change required to correct or update financial records and statements to accurately reflect the financial status of an entity.

Equity Income

Refers to the income generated by an investor's share of profits from an equity investment, such as stocks or ownership interests in companies.

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