### Information about the firm production

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##### Reference no: EM132482466

Suppose ABC Corp. is a firm producing newsprint in a perfectly competitive industry. We have the following information about the firm's production:

• output (Q) = 1500 tonnes per month
• average total cost (ATC) = \$627 per tonne
• average variable cost (AVC) = \$614 per tonne
• marginal revenue (MR) = \$620 per tonne
• marginal cost (MC) = \$620 per tonne

At the current level of output, this firm is ________ profit and is earning economic profit of ________ per month.

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