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Refer to the data in the accompanying table, If the firm's minimum average variable cost is $12, at the profit-maximizing level of output, the firm's

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Refer to the data in the accompanying table, If the firm's minimum average variable cost is $12, at the profit-maximizing level of output, the firm's total revenue is A) $32. B) $48. C) $80 D) $64. 37) In the short-run, a purely competitive firm will always make an economic profit if

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