Consider the following short-run cost curves for a profit-maximizing firm in a perfectly competitive industry. 
FIGURE 9-2
-Refer to Figure 9-2.If the price is $6 and the firm is producing at its profit-maximizing output,then total costs for the firm are
Definitions:
Capital Contribution
Money, property, or other assets contributed to a company or partnership by its owners or partners to support its operations.
Limited Partner
An investor in a limited partnership who is not involved in daily business operations and whose liability is limited to the amount they invested in the partnership.
General Partners
Individuals who participate in the management of a partnership and have unlimited liability for its debts.
Securities Fraud
A type of serious white-collar crime that involves deceiving investors or manipulating financial markets.
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