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Suppose a firm sells 1,071 pairs of gloves for $12 per pair. It has $2,035 in total fixed costs and average variable costs of $7.00

Suppose a firm sells 1,071 pairs of gloves for $12 per pair. It has $2,035 in total fixed costs and average variable costs of $7.00 per pair.

What is the firm's profit(loss)?

Round to 2 decimal places

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