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Title: Suppose that in a perfectly competitive market, the market price is $10. A firm in that market has ... Post by: billyd1996 on Aug 22, 2018 Suppose that in a perfectly competitive market, the market price is $10. A firm in that market has marginal cost of $10, average total cost of $12, and it is producing 100 units. The firm is
A) earning $1,000 in total economic profits and is maximizing economic profits. B) earning $200 in total economic profits and is maximizing economic profits. C) earning zero total economic profits and is not maximizing economic profits. D) incurring $200 in total economic losses and is minimizing economic losses. Title: Suppose that in a perfectly competitive market, the market price is $10. A firm in that market has ... Post by: Lawson1981 on Aug 22, 2018 Content hidden
Title: Suppose that in a perfectly competitive market, the market price is $10. A firm in that market has ... Post by: billyd1996 on Aug 22, 2018 I'm still confused, but thanks for answering correctly
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