4. If a firm has a total cost of $200, its profit-maximizing level of output is 10...

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4. If a firm has a total cost of $200, its profit-maximizing level of output is 10 units, and it is breaking even (that is, earning a normal profit), what is the market price?

a. $200

b. $100

c. $20

d. $10

e. $2

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Krugmans Economics For AP

ISBN: 9781464122187

2nd Edition

Authors: Margaret Ray, David Anderson

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Question Posted: Oct 03, 2024 06:02 AM

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4. If a firm has a total cost of $200, its profit-maximizing level of output is 10...

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Krugmans Economics For AP

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