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The company PowerSurge is a monopolistic competitor in the battery market. Looking at the data in the table below, what is the profit-maximizing price and

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The company PowerSurge is a monopolistic competitor in the battery market. Looking at the data in the table below, what is the profit-maximizing price and quantity at which PowerSurge should sell? PowerSurge, Costs of Production Total Quantity Marginal Total Price Marginal Average Revenue Revenue Cost Cost Cost 10 $23 $230 $23 $340 $34 $34 20 $20 $400 $17 $400 $6 $20 30 $18 $540 $14 $510 $8 $17 40 $16 $640 $10 $580 $10 $14.50 50 $14 $700 $6 $700 $12 $14 60 $12 $720 $2 $840 $14 $14 70 $10 $700 $2 $1, 020 $18 $14.57 80 $8 $640 $6 $1, 280 $26 $16 Provide your answer below: P = 2 =

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