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-(Figure: Cost Curves for Corn Producers) Use Figure: Cost Curves for Corn Producers.The market for corn is perfectly competitive.If the price of a bushel of corn is $10,then in the short run the farmer will produce _____ bushels of corn and take an economic loss equal to _____.
A) 0;average fixed costs
B) 0;total variable costs
C) 3;total fixed costs
D) 3;$22 per bushel
Correct Answer:
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