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Q P TC 1 $27 $10 2 24 17 3 21 25 4 18 40 5 15 60 At the profit-maximizing output, the firm in

Q P TC

1 $27 $10

2 24 17

3 21 25

4 18 40

5 15 60

At the profit-maximizing output, the firm in Exhibit 10-3 is earning

a. an economic profit of $38

b. an economic loss

c. zero economic profit

d. an economic profit of $32

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