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Assuming a market price of $80.00, complete the following table for a firm operating in a perfectly competitive market: 52 What is the basic condition

Assuming a market price of $80.00, complete the following table for a firm operating in a perfectly competitive market: 52

What is the basic condition for profit maximization?

What is the profit maximizing quantity?

What is the maximum profit?

?

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Total Prot Quantity Total Fixed Variable Marginal Revenue Revenue Cost Cost Cost

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