Question: Average and marginal cost (AC and MC) $320 00 Average Cost (AC) -Marginal cost (MC) $200 00 $180 00 $160 00 $140 00 $120 00

Average and marginal cost (AC and MC) $320 00 Average Cost

Average and marginal cost (AC and MC) $320 00 Average Cost (AC) -Marginal cost (MC) $200 00 $180 00 $160 00 $140 00 $120 00 $100 00 580.00 560.00 $40.00 5.20.00 $0.DO 2 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Output quantity (q] The graph shows the AC (blue line) and MC (red line) for a firm. If the price is $20, and the firm chooses to operate, firm profits are: O Negative O Zero O Positive

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