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3- In perfect competition, Q=50, AVC=50 and AFC=40. Calculate the profit at P=100. (Q: quantity, AVC: average variable cost, AFC: average fixed cost, P:price)

3-In perfect competition, Q=50, AVC=50 and AFC=40. Calculate the profit at P=100.

(Q: quantity, AVC: average variable cost, AFC: average fixed cost, P:price)

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