Use the figure to answer the following question(s) .
Figure 9-7 
-The average total cost (ATC) and marginal costs (MC) of a firm producing in a price-taker industry are depicted in Figure 9-7. If the current market price of the firm's product is $3, what output should this firm produce per week?
Definitions:
Tincture
A solution where a solute is dissolved into alcohol, used primarily in medicine or herbalism.
Bid
An offer made by an individual or company to buy a good or service, or to perform a job at a specified price.
Tid
An abbreviation for "ter in die," which is Latin for "three times a day"; commonly used in medical prescriptions to indicate dosing frequency.
Prn
An abbreviation for the Latin phrase "pro re nata," meaning "as the situation demands," often used in medical prescriptions to indicate taking medicine as required.
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