-Refer to Figure 8-4. If the market price is $30, the firm's profit-maximising output level is

Name: -Refer to Figure 8-4. If the market price is $30, the firm's profit-maximising output level is
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The profit-maximizing output level is where marginal cost equals the market price. If the market price is $30, the firm should produce where its marginal cost curve intersects the price line at $30, which is at 180 units.