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I need this answer as soon as possible please!Thank you! Consider the following cost schedule for a firm. Quantity Marginal Cost Average Total Cost |Average

I need this answer as soon as possible please!Thank you!

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Consider the following cost schedule for a firm. Quantity Marginal Cost Average Total Cost |Average Variable Cost 10 $12 $32 $24 15 $14 $30 $20 20 $16 $28 $16 25 $26 $26 $20 30 $30 $28 $24 35 $40 $32 $30 What is the economic profit or loss for a perfectly competitive firm if the market price is $16? Oo O $64 O-$64 O $240 O-$240

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