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Question 4 (1 point) $6 MC Price $4 ATC $2 AVC 20 30 40 Quantity per Day The graph above represents a firm in a

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Question 4 (1 point) $6 MC Price $4 ATC $2 AVC 20 30 40 Quantity per Day The graph above represents a firm in a perfectly competitive industry. If the market price is $5, does this firm earn a profit or a loss in the short run? profit loss Not enough information to determine the

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