Question: Mikail's perfectly competitive camera memory card-producing factory is making positive economic profits. If the price of memory cards is $8, Mikail's output is 3,000 cards

Mikail's perfectly competitive camera memory card-producing factory is making positive economic profits. If the price of memory cards is $8, Mikail's output is 3,000 cards a month, and his monthly average total cost is $7, what are his monthly profits?

1.$21,000

2.$24,000

3.$3,000

4.$0

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