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6. A price-taker firm is currently producing 50 units of output at an average total cost of $3 per unit. If the
market price is $7, then the firm's total economic profit is
a $4.
b. S150.
C. $200.
d. $350.
Transcribed Image Text:6. A price-taker firm is currently producing 50 units of output at an average total cost of $3 per unit. If the market price is $7, then the firm's total economic profit is a $4. b. S150. C. $200. d. $350.
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