Figure 9.3 shows the cost structure of a firm in a perfectly competitive market. If the market price is $3 and the firm produces the output where MR=MC, its profit is: OA. - $1,200. OB. -$300. O C. - $900. O D. - $600. (・・・)) 68 15 10 CD 103 6 4.5 100 150 200 Figure 9.3 MC ATC AVC

Figure 9.3 shows the cost structure of a firm in a perfectly competitive market. If the market price is $3 and the firm produces the output where MR=MC, its profit is: OA. - $1,200. OB. -$300. O C. - $900. O D. - $600. (・・・)) 68 15 10 CD 103 6 4.5 100 150 200 Figure 9.3 MC ATC AVC

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter8: Perfect Competition

Section: Chapter Questions

Problem 7SCQ: If new technology in a perfectly competitive market brings about a substantial reduction in costs of...

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fast please 35.

Figure 9.3 shows the cost structure of a firm in a
perfectly competitive market. If the market price
is $3 and the firm produces the output
where MR=MC, its profit is:
OA. - $1,200.
O B. - $300.
O C.
- $900.
O D. - $600.
$
15
10
6
4.5
3
100 150 200
Figure 9.3
MC
ATC
AVC

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