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You are operating a firm in a perfectly competitive market. In the short run, you have fixed costs of $30. Your variable costs are given in the following table:
Q TVC
0 0
1 70
2 120
3 150
4 190
5 270
6 360
Complete the following table:
Market Price (Profit maximizing level of output) (Profit)
$48
$52
$75
$85
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