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42 We can conclude from this diagram thatat profit maximizing level of outputA. TR = $50, TC = $35 and the profit = $15B. TR

42 We can conclude from this diagram thatat profit maximizing level of outputA. TR = $50, TC = $35 and the profit = $15B. TR = $35, TC = $50 and the loss = $15C. TR = $30, TC = $18 and the profit = $22D. TC = $50, ATC = $35, and the loss = $17

Suppose a firm operating in a competitive market has the following cost curves: Price MC ATC M 8 Quantity

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