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Marginal Cost and Average Cost Functions Costs ATC MC.ATC.AVC HIM AVC 320- 170- 120- Quantity A - Assume the firm operates in a competitive market

Marginal Cost and Average Cost Functions Costs ATC MC.ATC.AVC HIM AVC 320- 170- 120- Quantity A - Assume the firm operates in a competitive market and that the current market price is $320 per unit. Fixed costs are $1,000. Determine the quantity that the firm would produce in this market. What are profits for this firm

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