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The scooter industry is perfectly competitive with a market price of $800. A scooter-producing business faces the following total costs: Units Total Cost 2 $1800
The scooter industry is perfectly competitive with a market price of $800. A scooter-producing business faces the following total costs:
Units | Total Cost |
2 | $1800 |
3 | $2400 |
4 | $3100 |
5 | $3900 |
6 | $4800 |
To maximize profit, the business should produce
Select one:
A.No scooters. With any number of scooters, the business would make economic losses.
B.2 scooters.
C.3 scooters.
D.5 scooters.
E.6 scooters.
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