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Question on: JAMB Economics - 1991

Consider the table which shows output (o), total cost (TC)of production and marginal cost (MC) for a firm in a competitive market. Suppose price (P) = N 12, what is the maximum profit the firm can make ?
A
N2000.00
B
1 200.00
C
1000.00
D
400.00
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Correct Option: B

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