Figure 12-5 Figure 12-5 Shows Cost and Demand Curves Facing a Typical

question 183

Multiple Choice

Figure 12-5

Figure 12-5 shows cost and demand curves facing a typical firm in a constant-cost, perfectly competitive industry.
-Refer to Figure 12-5.If the market price is $20, what is the amount of the firm's profit?

• A)$5,400
• B)$6,750
• C)$8,100
• D)$16,200

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