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Consider a perfectly competitive firm with the following information: Market price = $16 Number of units of output produced = 39 Total costs of production
Consider a perfectly competitive firm with the following information: Market price = $16 Number of units of output produced = 39 Total costs of production = 149 What is the short-run profit earned by this firm? Do not include the dollar sign ($) in your answer, but you can include a negative sign if applicable
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