Output AFC AVC ATC MC 1 $ 300 $ 100 $ 400 $ 100 2 150 75 225 50 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 10 30 160 171 190 290 360 The accompanying table shows cost data for a firm that is selling in a purely competitive market. If the market price for the firm's product is $180, the firm will produce Multiple Choice О 6 units and earn economic profits of $800. 8 units and earn economic profits of $278. 5 units and earn economic profits of $900. 7 units and earn economic profits of $238.

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