Question: Look at the chart for problem #2 based on perfect competition. Theprofit maximizing price is equal to $________. 2) The firm depicted in the table

Look at the chart for problem #2 based on perfect competition. Theprofit maximizing price is equal to $________.

2) The firm depicted in the table below is in a PERFECTLY COMPETITIVE MARKET. Complete the following table: (6points) Quantity Price S/unit $20 10 20 30 40 50 Marginal revenue Total revenue Total cost Average total cost S200 S300 S460 S660 S1000 S1500 Marginal cost

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