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Assume the price of basic white T - shirts in a perfectly competitive market is $ 2 1 and that the typical firm confronts the

Assume the price of basic white T-shirts in a perfectly competitive market is $21 and that the typical firm confronts the following costs: O8-3 Quantity(T-shirts per day)012345678910Total cost$10$17$26$37$50$65$82$101$122$145$170
What is the profit-maximizing rate of output for the firm?
t-shirts per dayHow much profit does the firm earn at that rate of output?
If the price of basic white T-shirts fell to $15,
how many T-shirts should the firm produce?
At what price should the firm shut down?

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