-The Profit-Maximizing Price and Quantity Established by a Perfectly Competitive

question 185

Multiple Choice

-The profit-maximizing price and quantity established by a perfectly competitive firm in the above figure are

• A) Q1 units of output and a price of P5.
• B) Q3 units of output and a price of P3.
• C) Q1 units of output and a price of P1.
• D) Q4 units of output and a price of P4.

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