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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 5 300 390 Complete the following table: Market Price Profit maximizing level of output Profit $52 $60 $70 $85

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