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How much profit is the firm making

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In the short run, a monopolistically competitive firm calculates that marginal cost is $6.00, average total costs are $4.00, and marginal revenue is $3.00. The firm is charging a price of $6.00 and producing 200 units of output. How much profit is the firm making? What output recommendation would you make as the company economist?

Reference no: EM132401259

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