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Can you please help me with these 2 questions? Thanks! At the profit maximizing output for a competitive firm... Group of answer choices a. P

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  1. Can you please help me with these 2 questions? Thanks!

At the profit maximizing output for a competitive firm...

Group of answer choices

a. P = MR = MC

b. P > MR > MC

c. MR = MC > P

d. P > MR = MC

2.

image text in transcribed
Average Total Cost Marginal Cost [ 0 r1- E 260 86.67 20 300 75 .00 40 380 76.00 480 80.00 100 85.71 120' Suppose that in a competitive market the market price is $110. At what quantity will the rm select to maximize its prot (loss)? OQ=3 OQ=5 O Q=6 Q=4

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