Refer to the information provided in Figure 9.2 below to answer the question(s) that follow. Figure 9.2Refer to Figure 9.2. If demand for wheat is D3, then a profit-maximizing firm will produce ________ units and earn ________.

A. 12; negative profits
B. 13; exactly a normal return
C. 15; positive profits
D. 9; positive profits


Answer: C

Economics

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