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You are operating a firm in a perfectly competitive market. In the short run, you have fixed costs of $30. Your variable costs are given

You are operating a firm in a perfectly competitive market. In the short run, you have fixed costs of $30. Your variable costs are given in the following table: Q TVC 0 0 1 70 2 120 3 150 4 190 5 270 6 360 Complete the following table: Market Price Profit maximizing level of output Profit $48 $52 $75 $85

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