A firm in perfectly competitive industry is producing 50... — Answer & Explanation | PrepBeePakistan

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HomeMCQsEconomics

MEDIUMENGLISHEconomics

A firm in perfectly competitive industry is producing 50 units, its profit-maximising quantity. Industry price is £2 and total fixed costs and total variable cost are £25 and £40 respectively. The firm’s economic profit is ?

Correct answer: A

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