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The following table presents data on the various cost at different levels of outputs. 1.Complte the table. 2. Explain why MC decreases and increases later,

The following table presents data on the various cost at different levels of outputs. 1.Complte the table. 2. Explain why MC decreases and increases later, and the relationship between the MC and the ATC. 3.Suppose the firm is operating in a perfectly competitive industry and the market price is $300. How much will the firm produce in the short run?

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