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Consider a perfectly competitive firm in the followingposition: output=4000 units, market price=$1, fixed costs=$2000, variable costs=$1000, and marginal cost=$0.51. To maximize profits the firm should
Consider a perfectly competitive firm in the followingposition: output=4000 units, market price=$1, fixed costs=$2000, variable costs=$1000, and marginal cost=$0.51. To maximize profits the firm should
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