If a perfectly competitive firm like the one depicted in Figure 9-3 produces 275 units





a.

its profit will be larger than if it produces only 475

b.

its profit will be exactly the same as if it produces 475

c.

its profit will be smaller than if it produces only 475

d.

it will be forced to shutdown

e.

its profit will be smaller than if it produced 475 but it will still make a profit.


c

Economics

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