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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
1 100
2 150
3 180
4 220
5 300
6 390
Market Price Profit maximizing level of output Profit
$52
$60
$70
$85
I'm looking for the profit maximizing level of output and profit
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