Assume that the perfectly competitive firm represented in the graph above faces a market price of $5.00. What is the approximate level of profits? (Do no show the "$" sign. Round to the nearest cent.)

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06-07-2024
Mathematics

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Assume that the perfectly competitive firm represented in the graph above faces a market price of $5.00. What is the approximate level of profits? (Do no show the "$" sign. Round to the nearest cent.)

Sagot :

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Assume that the perfectly competitive firm represented in the graph above faces a market price of $5.00. What is the approximate level of profits? (Do no show the "$" sign. Round to the nearest cent.)

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