The table gives a firm’s total costs at different output levels: units 1-8, total cost $8,14,18,22,28,36,46,58. If the market price is $8, in which output range would a profit maximising firm in a perfectly competitive industry choose to produce during the short run?
- A1 - 2 units
- B3 - 4 units
- C5 - 6 units
- D7 - 8 units