A firm operates in a competitive market, selling good Q. His total cost is simply $200....

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Question

A firm operates in a competitive market, selling good Q. His total cost is simply $200....

A firm operates in a competitive market, selling good Q. His total cost is simply $200. The market price of Q is $10 a unit. If the firm is selling 96 units of Q, then what is firm’s profit?

A. $760

B. $960

C. $450

D. $120

business economics

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