Question: Use the following table to answer the next question. Output Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 1 $300 $100 $400

Use the following table to answer the next question. Output Average Fixed Cost Average Variable Cost Average Total Cost Marginal Cost 1 $300 $100 $400 $100 2 150 75 225 507 3 100 70 170 60 4 75 73 148 80 5 60 80 140 110 6 50 90 140 140 7 43 103 146 180 8 38 119 156 230 9 33 138 171 290 10 30 160 190 360 The table shows cost data for a firm that is selling in a perfectly competitive market. If the market price for the firm's product is $60, the firm will A) produce 4 units. B) produce 6 units. C) produce 5 units. D) shut down.

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