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Thoroughbread is a firm that bakes bread and sells it in a competitive market. Assume that Thoroughbread maximizes its profit. The next four questions are

Thoroughbread is a firm that bakes bread and sells it in a competitive market. Assume that Thoroughbread maximizes its profit. The next four questions are about this firm.

In the short run, the firm's revenue is $1,200, the variable cost is $1,000, and the fixed cost is $600. What is the firm's profit?

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