Question: please explain how did you get the answer thank you! i will rate! Suppose that a firm is operating in a purely competitive market and

please explain how did you get the answer thank you! i

please explain how did you get the answer thank you! i will rate!

will rate! Suppose that a firm is operating in a purely competitive

Suppose that a firm is operating in a purely competitive market and that the market price is $17. The firm's costs are represented by the table below Based on this information, what is the firm's profit maximizing level of output? Explain how you know. Output Fixed Cost Variable Cost Total Cost 2 $20 $10 $30 3 $20 $25 $45 4 $20 $41 $64 $20 $60 $84 6 $20 $80 $110

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