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The following table shows cost data for a perfectly competitive firm. If the market price for the firm's product is $180, the firm will produce

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The following table shows cost data for a perfectly competitive firm. If the market price for the firm's product is $180, the firm will produce Multiple Choice 8 units and earn economic profits of $120. 7 units and earn economic profits of $278. 7 units and earn economic profits of $238. 8 units and earn economic profits of $278

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