Use the cost curves below to answer the following questions. 120 90 80 70 40 30 200 250 300 500 MC AVC Q ATC How many units will the firm produce if the price is $120? [Select] What is the firm's profit if the price is $120? [Select] That is the lowest price the firm can receive to stay in business in the short-run? [Select] What is the lowest price the firm can receive to stay in business in the long-run? [Select]

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