Refer to the graphs shown, which depict a perfectly competitive market and firm. If market demand is D0, the:
A. output of the firm shown in the graph is the same as quantity supplied in the market.
B. firm is not producing at the output where profit is maximized.
C. firm shown in the graph will produce q1, but all the firms in the market will produce a total of Q1.
D. firm shown in the graph will produce q0, but all the firms in the market will produce a total of Q0.
Answer: D
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