Don't use chatgpt or any AI A profit-maximising firm in a competitive market is currently producing 1,000   units of output. It has average revenue of $50, average total cost of $40 and fixed cost of $10,000.   a) What is its profit?   b) What is its marginal cost?   c) What is its average variable cost? Is the efficient scale of the firm more than, less than or exactly 1,000 units?

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