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At the profit-maximizing output, the firm's: Output Marginal revenue Marginal cost 0 -- -- 1 $16 $10 2 16 9 3 16 13 4 16

At the profit-maximizing output, the firm's: Output Marginal revenue Marginal cost 0 -- -- 1 $16 $10 2 16 9 3 16 13 4 16 17 5 16 21 Multiple Choice economic profit is $12. economic profit is $13. loss is $14. economic profit is $3

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