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The table below shows the total revenue (TR) and total cost (TC) for a perfectly competitive firm. At which quantity (Q) of output is the

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The table below shows the total revenue (TR) and total cost (TC) for a perfectly competitive firm. At which quantity (Q) of output is the company's profit maximized? Hint: Note that the company cannot produce partial units. Quantity Total Revenue Total Cost (Q) (TR) (TC) 10 $50 $40 11 $55 $43.25 12 $60 $48 13 $65 $54.50 14 $70 $64 15 $75 $77.50 16 $80 $96

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