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Figure 10.6 Price and cost MC ATG AVC 20 MR 15 14 750 1,100 1,350 1,800 Quantity Figure 10.6 shows cost and demand curves facing

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Figure 10.6 Price and cost MC ATG AVC 20 MR 15 14 750 1,100 1,350 1,800 Quantity Figure 10.6 shows cost and demand curves facing a typical firm in a constant-cost, perfectly competitive industry. Refer to Figure 10.6. If the market price is $20, what is the amount of the firm's profit? $5,400 O $6,750 $8,100 $16,200

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