myatownsel02 myatownsel02

17-04-2024
Business

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In a competitive market the price is $8. A typical firm in the market has ATC = $6, AVC = $5, and MC = $8. How much economic profit is the firm earning in the short run? Question 13Select one: a. $0 per unit b. $1 per unit c. $3 per unit d. $2 per unit

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