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Oatie's Oatmeal is a monopolistic competitor that sells protein oats. Oatie's collected the data below of revenues and costs. What will be Oatie's Oatmeal's profit
Oatie's Oatmeal is a monopolistic competitor that sells protein oats. Oatie's collected the data below of revenues and costs. What will be Oatie's Oatmeal's profit if it produces at the profit-maximizing level of output? Oatie's Oatmeal Revenue and Costs Quantity Price Total Revenue Marginal Revenue Total Cost Marginal Cost 5 $ 21 $ 105 $ 21 $ 150 $ 30 10 $ 8 $ 180 $ 15 $ 160 $ 2 15 $ 16 $ 240 $ 12 $ 180 $ 4 20 $ 14 $ 280 $ 8 $ 220 $ 8 25 $ 12 $ 300 $ 4 $ 270 $ 10 30 $ 10 $ 300 $ 0 $ 330 $ 12 35 $ 8 $ 280 $ 4 $ 400 $ 14
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