Consider a perfectly competitive firm, with the cost information provided on a graph below. MC р ATC 2 0 3 69 12 15 18 21 24 27 30 Find the firm's short run profit when the price is $3. (Round your final answer to one decimal place, if necessary, for example, 2.3 or 0 or -7.8) 8 6 4 AVC
Consider a perfectly competitive firm, with the cost information provided on a graph below. MC р ATC 2 0 3 69 12 15 18 21 24 27 30 Find the firm's short run profit when the price is $3. (Round your final answer to one decimal place, if necessary, for example, 2.3 or 0 or -7.8) 8 6 4 AVC
Chapter7: Perefect Competition
Section: Chapter Questions
Problem 12SQ
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