The Following Figure Shows the Demand and the Cost Curves

question 87

Multiple Choice

The following figure shows the demand and the cost curves of a perfectly competitive firm. At the profit-maximizing output level, the firm experiences: ​
Figure 8.5
​

• A)a loss of $3,200.
• B)a profit of $1,600.
• C)a profit of $1,200.
• D)zero profit or loss.
• E)a loss of $800.

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