Easy econ multiple choice question, I will rate and like. Thank you! Take a look at the figure below which shows the cost curves and marginal revenuefacing a perfectly competitive firm.Revenueand cost(dollarsper unit)$20111060aC200 250200; no firms will enter the market250; this firm will exit the market300; new firms will enter the marketdThis firm's profit-maximizing level of output is_timeas a result of this.300; this firm will exit the market300MCATCAVCMRQuantityand over

The profit maximization condition of perfectly competitive market is when marginal revenue is equal…

Revenue and cost (dollars per unit) $20 11 10 6 0 C 200 250 200; no firms will enter the market This firm's profit-maximizing level of output is_ time_ as a result of this. 250; this firm will exit the market 300; new firms will enter the market 300 300; this firm will exit the market MC ATC AVC MR Quantity and over