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please complete the chart and answer the questions 1 2 3 4 5 6 7 Q P TC TR MR MC Profit 0 $5 $9
please complete the chart and answer the questions
1 | 2 | 3 | 4 | 5 | 6 | 7 |
Q | P | TC | TR | MR | MC | Profit |
0 | $5 | $9 | ||||
1 | $5 | $10 | ||||
2 | $5 | $12 | ||||
3 | $5 | $15 | ||||
4 | $5 | $19 | ||||
5 | $5 | $24 | ||||
6 | $5 | $30 | ||||
7 | $5 | $45 |
A. Is it a perfect competitive or a monopoly or an oligopolistic firm?
B. At what quantity level will the firm produce to maximize profit?
C. What will be the total revenue at that production level?
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