Suppose the total cost for various levels of output for a competitive price-taker firm are given in the table below: 
If the market price is $8, how many units should the firm produce to maximize profit?
Definitions:
Scheduled Time
A predetermined or planned period when an event or activity is intended to take place.
Positive Traits
Characteristics or qualities that are viewed favorably and contribute to the effectiveness or success of an individual.
Assertive Statement
A confident and direct expression of one’s thoughts, feelings, or beliefs without being aggressive.
Assertive Statement
A form of expression that confidently and directly communicates a person's needs, feelings, or opinions without aggression.
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