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Stephen Sells 25 T-Shirts for $20 Each in a Perfectly

question 18

Essay

Stephen sells 25 t-shirts for $20 each in a perfectly competitive market. His costs are $14 per t-shirt. What are Stephen's total revenue, total costs, and profit? Show your work.


Definitions:

Current Performance

An assessment of a company's operations and financial health over the short term, often current year or quarter.

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