Question 21 The perfectly competitive firm represented in Table 1.3 will produce a profit maximising quantity of... a. 1

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Question 21 The Perfectly Competitive Firm Represented In Table 1 3 Will Produce A Profit Maximising Quantity Of A 1 1 (38.44 KiB) Viewed 20 times

Question 21 The perfectly competitive firm represented in Table 1.3 will produce a profit maximising quantity of... a. 1 b. 3 c. 4 d. 5 Quantity 1 2 3 4 5 Table 1.3 Price $500 $450 $400 $350 $300 Total Cost $400 $650 $950 $1,300 $1,700 marks)