Business, 11.12.2019 20:31 jaylaa04

Aprofit-maximizing firm in a competitive market is able to sell its product for $7. at its current level of output, the firm's average total cost is $10. the firm’s marginal cost curve crosses its marginal revenue curve at an output level of 9 units. the firm experiences a

a. profit of more than $27.

b. profit of exactly $27.

c. loss of more than $27.

d. loss of exactly $27.

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