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QUESTION 8 TR Quantity The graph below shows a perfectly (or purely) competitive firm's blue total revenue (TR) curve and red total cost (TC) curve.

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QUESTION 8 TR Quantity The graph below shows a perfectly (or purely) competitive firm\\'s blue total revenue (TR) curve and red total cost (TC) curve. The firm produces desks, so assume it can only produce whole units of desks (e.g., it can produce 5 or 6 desks, but not 5.5 desks) Match the following to the correct responses. v When the firm is producing 4 desks, profit is when the firm is A, the same as producing 9 desks. B. lower than v When the firm is producing 2 desks, profit is when the firm is producing 8 desks. D. greater than How many desks should the firm produce to maximize profits? F. 18

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