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A Firm in a Competitive Market Has the Following Cost

question 492

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A firm in a competitive market has the following cost structure: A firm in a competitive market has the following cost structure:   If the firm's fixed cost of production is $3, and the market price is $10, how many units should the firm produce to maximize profit? A)  1 unit B)  2 units C)  3 units D)  4 units If the firm's fixed cost of production is $3, and the market price is $10, how many units should the firm produce to maximize profit?


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