Refer to the data provided in Table 16.1 below to answer the following questions.
Table 16.1
-Refer to Table 16.1. This salt processing firm is perfectly competitive and is not forced to take damage costs into account. If the market price of salt is $30 a ton and the firm behaves as a profit-maximizer, how much total damage will result?
A) $10
B) $30
C) $40
D) $90
Correct Answer:
Verified
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