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Consider a perfectly competitive firm with the following information: Market price = $25 Number of output units produced = 20 Average total cost per unit
Consider a perfectly competitive firm with the following information: Market price = $25 Number of output units produced = 20 Average total cost per unit at this level of production = 6 What is the short-run profit earned by this firm? Do not include the dollar sign ($) in your answer, but you can include a negative sign if applicable
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