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Refer to the figure below. If the market for doughnuts is perfectly competitive, and the price of a doughnut is 25 cents, then this firm

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Refer to the figure below. If the market for doughnuts is perfectly competitive, and the price of a doughnut is 25 cents, then this firm should:

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0.35 Margibat cost 030 1042'S Average Total Cost Brice [s ) doughnut) 0 05 20 30 40 50 60 70 80 90 Quantity (doughnuts /day)

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