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A perfectly competitive firm (Top Pizza) is selling pizza in Sydney market whose marginal cost (MC), average variable cost (AVC), and average total cost curves
A perfectly competitive firm (Top Pizza) is selling pizza in Sydney market whose marginal cost (MC), average variable cost (AVC), and average total cost curves (ATC) are shown in the diagram below. Determine the profit-maximising level of output at a price of $2.50 using the below diagram.
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