Suppose a competitive firm has the following cost: output(units): 10     11      12  13    14    15    16     17      18      19 Total cost:     $50 $52 $56 $62 $70 $80 $92 $106 $122 $140  3. If the market price dropped to $8, how much should this profit maximizing firm produce?

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Q: Suppose a competitive firm has the following cost: output(units): 10     11      12  13    14    15…

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