Assume that for a particular firm's output price = $80,marginal cost = $30,average total cost = $25.This information suggests that the firm in question has:

Question

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The firm has a fair degree of market power indicated by its ability to sell its output at a price ($80) significantly higher than its marginal cost ($30) and average total cost ($25), suggesting it can influence market prices to some extent.

Assume That for a Particular Firm's Output Price = $80,marginal