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Consider the adjacent figure. Suppose the price is $300 per unit. The firm's profit-maximizing price will be $ The firm's profit-maximizing quantity will be
Consider the adjacent figure. Suppose the price is $300 per unit. The firm's profit-maximizing price will be $ The firm's profit-maximizing quantity will be The firm's profit or loss is equal to $ answer is a loss.) units. (Enter a negative sign if the Price and cost ($/unit) 600- 500- 400- 300- 200- 100- A firm's cost curves MC ATC AVC 0+ 0 500 1,000 1,500 2,000 2,500 3,000 Quantity (units per month)
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