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Company ABC produces goods X which are sold in a perfectly competitive market. The selling price of the goods X on the market is Rp10.

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Company ABC produces goods X which are sold in a perfectly competitive market. The selling price of the goods X on the market is Rp10. The cost curve faced by company ABC for producing goods X and The demand curve for goods x for company ABC is as shown in the following figure. MC AC Rp. 101 D=P = MR Rp. 7 AVC 100 unit ) Determine the balance of goods for ABC company! In this condition of balance, is the company making a profit or suffering a loss? and how much profit/ loss is incurred in ABC company in such equilibrium conditions

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