The Figure Given Below Shows the Demand and the Cost

question 83

Multiple Choice

The figure given below shows the demand and the cost curves of a perfectly competitive firm. Total revenue at the profit-maximizing output equals _____. ​
Figure 8.5
​

• A)$2,400
• B)$4,000
• C)$5,200
• D)$5,600
• E)$6,000

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Definitions:

Cash Flows

The movement of money into and out of a company from operational, investment, and financing activities.

Shares Outstanding

The total number of shares of a corporation that are in the hands of the public, including shares held by institutional investors.

Tender Offer

A tender offer is a proposal by an individual or entity to purchase a significant percentage of a company's stock from its shareholders at a specific price, usually at a premium to the market price.

Antitrust Laws

Legislation enacted to prevent monopolies and promote competition among businesses.