Assume the carrot market operates in the perfectly competitive market. The price that producers charge in the market is $10 and they sell 40 units. Also, the total fixed cost to produce 40 units is $80. The average variable cost to produce each unit of carrot is $6. Given this information, please calculate the profit that the firms are making in this type or market
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Assume the carrot market operates in the perfectly competitive market. The price that producers char...
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