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Using the graph below, calculate the firm's profits at the profit maximizing output 60 56 52 48 44 40 36 32 Price 28 24 20

Using the graph below, calculate the firm's profits at the profit maximizing output 60 56 52 48 44 40 36 32 Price 28 24 20 16 12 259 296 333 370 407 444 481 518 37 74 111 148 185 222 Quantity -P - - MR MC = AC

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