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2. Use the following table for the next question Total Variable Cost Cost (VC Marginal Average Quantity (AVC = VC/Q + FC) Cost Total Cost

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2. Use the following table for the next question Total Variable Cost Cost (VC Marginal Average Quantity (AVC = VC/Q + FC) Cost Total Cost 1 17 1 17 4 20 W 10 9 25 5 8.33 16 32 8 QUIA 25 41 9 8.2 6 36 52 11 8.67 Suppose that in a competitive market the market price is $10. Calculate the maximum profit (loss) at $10 (Show calculations in the box provided). Points Earned: 0.0/1.0

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