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c. The is one of the pieces of information needed to calculate profit for the firm. It can be found once quantity produced is chosen

c. The is one of the pieces of information needed to calculate profit for the firm. It can be found once quantity produced is chosen by a firm. Graphically, it is the point on the average total cost curve once this choice is made. It also helps determine two vertices of the profit rectangle. quantity produced O quantity at minimum ATC O ATC at quantity produced O profit price O minimum ATC

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