-The table above shows the total cost incurred by Sue's Coat Shop, a perfectly competitive firm. If the market price of a coat is $285, Sue's will maximize economic profit by selling ________ coats a day.

Question

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In a perfectly competitive market, a firm maximizes profit where marginal cost (MC) equals the market price. If the market price is $285, Sue's Coat Shop should sell the number of coats where the MC is closest to $285 without exceeding it.

-The Table Above Shows the Total Cost Incurred by Sue's