Consider the Following Figure That Shows the Demand and the Cost

question 115

Multiple Choice

Consider the following figure that shows the demand and the cost curves of a perfectly competitive firm. At a market price of P₁, the profit-maximizing quantity for the firm is _____. ​
Figure 8.3
​

• A)a units of output
• B)b units of output
• C)e units of output
• D)d units of output
• E)between d and e units of output

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