i will 5 upvotes urgent. If the firm is charging a price of $12 per unitOA. it is making a profit.OB. it is not selling any output.OC. it is selling 700 units.OD. it breaks even.Priceandcost✓$12200500 700MarketpriceQuantity

A perfectly competitive market has many identical firms dealing in a homogenous good. Each firm in a…

Answered: If the firm is charging a price of $12…

If the firm is charging a price of $12 per unit OA. it is making a profit. it is not selling any output. it is selling 700 units. B. OC. OD. it breaks even.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

i will 5 upvotes urgent.

If the firm is charging a price of $12 per unit
OA. it is making a profit.
OB. it is not selling any output.
OC. it is selling 700 units.
OD. it breaks even.
Price
and
cost
✓
$12
200
500 700
Market
price
Quantity

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