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Refer to the above data. If the product price is $100 at its optimal output, will the firm realize an economic profit, break even, or incur an economic loss? How much will the profit or loss be? Show all calculationsAnswer the next questions (Parts A and B) on the basis of the following cost data for a firm operating in pure competition.
0
$200.00
0.00
1
50.00
2
120.00
3
200.00
4
300.00
5
450.00
6
650.00
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these answers have to be a short paperthey must include references if used in the paper to prevent plagiarism.the book
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Illustrate what did the USA do like other countries as well after the first oil price shock.
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