Question: 5. Problem # 5: Bonus Question (1 Mark) Assume a firm in a competitive industry is producing 2800 units of output, and it sells each

 5. Problem # 5: Bonus Question (1 Mark) Assume a firm

5. Problem # 5: Bonus Question (1 Mark) Assume a firm in a competitive industry is producing 2800 units of output, and it sells each unit for $12. Its average total cost is $18. What is the value of the firm's profit

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