Refer to the following distribution of commissions: 
For the distribution above,what is the midpoint of the class with the greatest frequency?
Definitions:
Profit-Maximizes
Strategies or actions by firms aimed at increasing their profits to the highest possible level.
Total Cost
The market value of the inputs a firm uses in production.
Marginal Cost
The supplementary cost that comes with the creation of one more unit of a product or service.
Perfectly Competitive
A market structure characterized by a large number of small firms, a homogeneous product, and free entry and exit, leading to price taking behavior.
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