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Using the graph determine: a. What market condition does this graph represent? Why? b. the optimal level of production. c. the price per unit. d.

Using the graph determine:

a. What market condition does this graph represent? Why?

b. the optimal level of production.

c. the price per unit.

d. profit per unit.and. the maximum total profit.

SMC ATC AVC Price, marginal revenue, and cost (dollars) D O 10 20 30 40 50 60 70 80 90 100 110 120 Output MR

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