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Firm A Firm B Price and Price and Cost (dolars) 11 10 90 100 150 100 150 200 Quantity Quantity Refer to the graphs above.
Firm A Firm B Price and Price and Cost (dolars) 11 10 90 100 150 100 150 200 Quantity Quantity Refer to the graphs above. What is the profit or loss of firm A (not B) at the profit-maximizing (or loss- minimizing) level of production? Please note the costs curves of two firms are given above and the demand curves they are facing are also different. O $700 O $400 O $1,650 O $300 O $600
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