-Refer to the above table. If the price is $3 the maximum profit this firm could earn is

Name: -Refer to the above table. If the price is $3 the maximum profit this firm could earn is
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Question

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At a price of $3, the firm would not produce because it would not cover its variable costs, leading to a shutdown situation. The maximum profit (or minimum loss) is equal to the negative of the fixed costs, which is -$99.

-Refer to the Above Table