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2) The firm depicted in the table below is in a PERFECTLY COMPETITIVE MARKET. Complete the following table: (6points) Quantity Price Marginal Total Total cost

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2) The firm depicted in the table below is in a PERFECTLY COMPETITIVE MARKET. Complete the following table: (6points) Quantity Price Marginal Total Total cost Average (S/unit) Marginal revenue revenue total cost cost $20 $200 10 $300 20 $460 30 $660 40 $1000 50 $1500 The profit maximizing price is $ The profit maximizing quantity is The firm is making $_ in profit

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