The following table shows the total costs incurred by a firm to produce different levels of output. It also shows the price that consumers are willing to pay for each level of output.
-Refer to the table above.The firm ________ in the short run.
A) earns a profit of $22
B) incurs a loss of $22
C) earns a profit of $76
D) incurs a loss of $76
Correct Answer:
Verified
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