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[QUESTION] 70. Refer to the above table. If the market price for the firm's product is $180, the competitive firm will produce: A) 5 units

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[QUESTION] 70. Refer to the above table. If the market price for the firm's product is $180, the competitive firm will produce: A) 5 units and earn economic profits of $100 B) 6 units and earn economic profits of $120 C) 7 units and earn economic profits of $238 D) 8 units and earn economic profits of $278 Answer: C

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