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Question 10 (1 point) Refer to the graph of unit cost curves 2. If the market price is $30, then a profit- maximizing competitive firm
Question 10 (1 point) Refer to the graph of unit cost curves 2. If the market price is $30, then a profit- maximizing competitive firm with these short-run unit cost curves Cost 100 90 70 - 60 50 40 30 20 10 9 10 11 Unit Cost Curves 2 Quantity O a) don't pick this answer (b) will operate, but at a loss, since the operating loss is smaller than the shut- down loss ( c) will shut down, since the shut-down loss will be smaller than the operating loss d) will operate because they are earning positive economic profits
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