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AP® Microeconomics

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Perfect Competition: Identifying Information from Graph

APMICR-8KFS0G

The graph below represents a perfectly competitive firm.

Jane Schaefer. Created for Albert.io. Copyright 2016. All rights reserved.

Based on the above graph, all of the following are true EXCEPT

A

the profit-maximizing output for this firm is $75$.

B

the firm's total costs at the profit-maximizing output are $\$750$.

C

the firm's total fixed costs at the profit-maximizing output are $\$225$.

D

the firm's economic profit at the profit-maximizing output is $\$375$.

E

the firm is allocatively efficient at the profit-maximizing output.