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Economics - Short run profit maximization

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Given the following for perfectly competitive firm that has short-run cost structure
Output Marginal Cost
1 $10
2 $5
3 $12
4 $23
5 $40

Total fixed costs are $20 and the market price of the product is $25 per unit. How much output should the profit-maximizing firm produce (if any) and how much profit or loss will the firm make in the short run?

  • Economics - Short run profit maximization -

    please show me example of the question above thank you

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