What are the economic profits experienced by this firm? $__________.
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Consider the diagram at Ihe right depicting Ihe revenue and cost conditions faced by a monopolisiicaliy competitive ﬁrrn. What are the total revenues experienced by this ﬁrm? 5 2800 . What are the total costs experienced by this ﬁrm? $ 2300 . Whal are the economic proliis experienced by this ﬁrm? 3 Revenues and Costs (5 per unit] 0 40 BO 120 160 21]) 240 230
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