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Imagine you are a perfectly competitive firm selling your product at the price of $2.70. The table below shows total cost, total revenue, and marginal
Imagine you are a perfectly competitive firm selling your product at the price of $2.70. The table below shows total cost, total revenue, and marginal cost for each quantity of goods. Quantity Total Cost Total Revenue Marginal Cost 0 $70 $0 20 $124 $166 $2.70 40 $145 $180 $1.05 60 $190 $190 $2.25 80 $220 $200 $1.50 100 $251 $219 $1.55 120 $290 $240 $1.95 Calculate the profit you can get at the profit-maximizing level. Write the exact answer. Do not round. Keypa
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