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Total Total Marginal Revenue Cost Revenue Marginal Quantity (TR) (TC) Profit (MR) Cost (MC) 0 0 3 1 5 5 2 10 6 3 15
Total Total Marginal Revenue Cost Revenue Marginal Quantity (TR) (TC) Profit (MR) Cost (MC) 0 0 3 1 5 5 2 10 6 3 15 8 4 20 11 5 25 15 6 30 21 7 35 30 8 40 42 9 45 60 10 50 85 Fill in the table to determine the profit maximizing level of output, price, and profit. The optimal quantity is A (number) units, the optimal price is A (number) dollars, which maximizes profits at A (number) dollars. This table displays profit maximization under the A/ (perfect competition / monopolistic competition / oligopoly / monopoly) market structure
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