Sample Exam/Chapter 12 - Oakland University

C) that firms attempt to maximize their total revenue. D) easy entry to and exit from the market. Use the following to answer question 20: Figure: The Perfectly Competitive Firm II 20. (Figure: The Perfectly Competitive Firm II) Look at the figure The Perfectly Competitive Firm II. If this firm's MR curve is MR2, then this firm's optimal output is