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Economics question The graph below shows the cost curves for a perfectly competitive seller in the short run. If the market price is $15 and

Economics question

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The graph below shows the cost curves for a perfectly competitive seller in the short run. If the market price is $15 and the seller is a profit maximizer, it will: Price, Costs ($) mc ATC AVC $60 $25 $15 12 Quantity make a profit of $540 shut down and make a profit of $0 shut down and make a loss of $420 make a loss of $540 make a loss of $180The graph below shows the cost curves for a perfectly competitive seller in the short run. If the market price is $25 and the seller is producing the profit maximizing level of output, it will: Price, Costs ($) Mc ATC AVC $30 $25 D = MR $15 18 Quantity shut down and make a loss of $180 make a profit of $540 make a loss of $540 make a loss of $90

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