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at its current level of production a profits-maximizing firm in a competitive market receives 12.50 for each unit it produces and faces an average...

at its current level of production a profits-maximizing firm in a competitive market receives 12.50 for each unit it produces and faces an average total cost of $10.at the market price of $12.50 per unit,the firms marginal cost curve crosses the marginal revenu curve at an output level of 1,000 unit.what is the firms current profit?what is likely to occur in this market and why?

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