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The firm's short-run profit at this level of output is $_________ (Round your response to the nearest penny.) Use the graph below. The following table

The firm's short-run profit at this level of output is $_________ (Round your response to the nearest penny.) Use the graph below.

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The following table shows marginal and average total (net schedules for a perfectly competitive rm. Currently, the market price in this industry is $3. Output (u nits} Marginal Cost Average Total Cost (Oi (MC) (AT0) g _ _ 1 2 12 2 4 B 3 E 5 4 B B 5 10 B A prot-maximizing rm will produce 4 units. {Enteryourrasponse as an images} The rm's shortmn prot at this level of output is Fig. (Round your response to the neerestpenny)

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