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MC ATC MR $20 AVC Price and cost 12 8 60 100 140 Units of output Refer to the above figure, this perfectly competitive firm

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MC ATC MR $20 AVC Price and cost 12 8 60 100 140 Units of output Refer to the above figure, this perfectly competitive firm will realize O a profit of $400. O a loss of $400. O a profit of $800. O a profit of $1,200

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