-The Figure Above Shows a Perfectly Competitive Firm

question 172

Multiple Choice

-The figure above shows a perfectly competitive firm.If the market price is $20 per unit,then the firm produces ________ units and makes an economic profit that is ________.

• A) more than 30; more than $100
• B) 30; more than $100
• C) 20; less than $400
• D) 0; zero
• E) 30; zero

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Definitions:

Support

Assistance or backing provided by an individual or group to help others in need or to achieve a goal.

Unfreeze

The initial stage of the change process where the goal is to overcome inertia and dismantle existing mindsets.

Motivated To Change

The state of being driven or inclined towards making alterations or adjustments in behavior, situation, or environment.

Perception Of Threat

The subjective assessment of the potential harm or danger that a situation or individual might pose.