A perfectly competitive firm has the following fixed and variable costs in the short run. The market price for the firm's product is $140.
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1. A perfectly competitive firm has the following fixed and variable costs in the short run. The market price for

the firm's product is $140.


  Output                 FC                  VC             TC            TR    Profit/Loss

             0                     $90                  $0               90              0            (90)

        1                                           90               90            180          140      40

        2                                           90              170          206          280      20

        3                                           90              290          ___          ___      ___

        4                                           90              430          ___          ___      ___

        5                                           90              590          ___          ___      ___

        6                                           90              770          ___          ___      ___

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