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Below, the graph on the left shows the shortrun cost curves for a rm in a perfectly competitive market, and the graph on the right
Below, the graph on the left shows the shortrun cost curves for a rm in a perfectly competitive market, and the graph on the right shows the current market conditions in this industry. In order to maximize prot, how much output should the rm produce? $ Firm P Industry 5 SMC 6 s E ATC __'E 5 5 O E g 4 4 G E 3 3 (D '3 2 2 a. 1 1 D 1 1 1 1 1 1 . 1 1 1 -0 I 1 -0 0 20 40 60 80 100 5.000 10.000 Output of the firm Industry output Multiple Choice 20 units 40 units 50 units 60 units 80 units @0000
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