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Business, 09.10.2019 21:50 loveniasummer71

Jones company is a perfectly competitive firm. the market price of its output is $10. the firm is currently producing 50 units of output. at this level of output, the firm’s average total cost is $8 per unit, its average variable cost is $6 per unit, and its marginal cost is $8. on the basis of this information, what can we say?

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