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A) What are the optimal price and quantity for this firm?B) Is the firm in a long - run or a short - run solution?

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A) What are the optimal price and quantity for this firm?B) Is the firm in a long - run or a short - run solution? Clearly explain your answer.C) What is the firm's profit/loss 7 Explain your calculations. Price Cost, MC MR $8 $7.75 ATC $7.50 $7.25 $7 $64 - $4 5 5.5 6.MR Quantity

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