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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 22
Using the data from Figure 2, calculate the firm's total profit. (b) If the firm operates at optimum efficiency, how much will its output be? (c) If the firm were a perfect competitor, how much would its price be in the long run?
F igure 2
F igure 2
Explanation
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Verified
(a)Total profit = (price - ATC...
Microeconomics 9th Edition by Stephen Slavin
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