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u;- Marginal cost per unit $12 10 Ave mac cost per unit 8 6 Average menu: 4 per unit 1 Marginal revenue perumt 200 .

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u;- Marginal cost per unit $12 10 Ave mac cost per unit 8 6 Average menu: 4 per unit 1 Marginal revenue perumt 200 . {ll 600 am: 1000 Output For the rm whose costs and revenues are shown in the above graph, a) prots will be maximized at a level of output of units. and b) at this level of output, prots will be $_. (Show your calculations) C) Is this rm operating in a perfectly competitive market? If this rm is in a perfectly competitive industry and is a typical rm which is making prots. what adjustment will occur in the price of the product. and how

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