Question: If the short- run marginal and average variable cost curves for a competitive firm are given by SMC = 2 + 4Q and AVC =

If the short- run marginal and average variable cost curves for a competitive firm are given by SMC = 2 + 4Q and AVC = 2 + 2Q, how many units of output will it produce at a market price of 0? At what level of fixed cost will this firm earn zero economic profit?

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