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The prevailing market price is $7 per unit. In order to maximize its profit, this firm should produce what units of output? A firm produces

The prevailing market price is $7 per unit. In order to maximize its profit, this firm should produce what units of output?

A firm produces its output in a perfectly competitive market. The firm's total cost is given in the following schedule ($) Output (units) Total cost 0 10 20 30 40 50 60 50 120 170 210 260 330 430

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