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Assuming a Price Was $2 A)24
B)25
C)26
D)27
E)28

Question 124

Multiple Choice

Assuming a price was $2.00, how many units should this perfectly competitive firm produce and sell in order to maximize profits?  Quantity  Total Cost 24$24.0025$25.0026$26.5027$29.0028$33.50\begin{array} { c c } \text { Quantity } & \text { Total Cost } \\\hline 24 & \$ 24.00 \\25 & \$ 25.00 \\26 & \$ 26.50 \\27 & \$ 29.00 \\28 & \$ 33.50\end{array}


A) 24
B) 25
C) 26
D) 27
E) 28

Correct Answer:

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