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You are operating a firm in a perfectly competitive market

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You are operating a firm in a perfectly competitive market. In the short run, you have fixed costs of $30. Your variable costs are given in the following table:

Q TVC

0 0

1 70

2 120

3 150

4 190

5 270

6 360

 

Complete the following table:

Market Price (Profit maximizing level of output) (Profit)

$48

$52

$75

$85

Reference no: EM13337225

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