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A firm in a perfectly competitive industry has the following cost schedule, and faces P =$6. What Q would a profit maximizer choose to produce?
A firm in a perfectly competitive industry has the following cost schedule, and faces P =$6. What Q would a profit maximizer choose to produce?
Q. TC
10. $20
20. $33
30. $43
40. $48
50. $65
60. $93
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