Question: QUESTION 20 (4 Marks) Table 20.1 shows the total cost Of producing a product in a perfectly competitive market. If the market price Of

QUESTION 20 (4 Marks) Table 20.1 shows the total cost Of producing a product in a perfectly competitive market. If the market price Of the goods is R2n how many units should the firm produce in order to maximise profits? Units produced A. 103 units B. IOOunits C.

101 units D. 102units Total cost RIOOOO R10200 R10320 R10400

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