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Business, 05.03.2020 01:55 ShawnSaviro4918

A profit-maximizing firm in a competitive market is able to sell its product for $7. At its current level of output, the firm's average total cost is $10. The firm's marginal cost curve crosses its marginal revenue curve at an output level of 9 units. The firm experiences a A. profit of exactly $27. B. profit of more than $27. C. loss of exactly $27. D. loss of more than $27.

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