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Use the provided to gure to answer the following question. Marginal Cost and Average Cost Functions C0515 - ATC AVG MC MC.ATC .AVC Quantity A

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Use the provided to gure to answer the following question. Marginal Cost and Average Cost Functions C0515 - ATC AVG MC MC.ATC .AVC Quantity A Assume the rm operates in a competitive market and that the current market price is $320 per unit. Fixed costs are $1,000. Determine the quantity that the rm would produce in this market. What are prots for this rm

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