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10 Output Price (P) Total Cost Total Revenue Marginal Marginal Total out of (Q) (TC) Revenue (TR) (MR) Cost (MC) Profit/Loss 0 50 40 0

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10 Output Price (P) Total Cost Total Revenue Marginal Marginal Total out of (Q) (TC) Revenue (TR) (MR) Cost (MC) Profit/Loss 0 50 40 0 50 -40 50 135 50 50 95 85 50 180 WN - 100 50 45 -80 50 220 150 50 40 -70 50 230 200 50 10 -30 50 250 250 50 20 6 50 280 300 50 30 20 50 350 350 50 70 0 8 50 450 400 50 100 -50 Why doesn't the profit-maximizing of MC=MR not hold in the example above? (Keep answer short)

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