Business, 31.12.2019 02:31 Dweath50

Assume the xyz corporation is producing 20 units of output. it is selling this output in a purely competitive market at $10 per unit. its total fixed costs are $100 and its average variable cost is $3 at 20 units of output. this corporation:
a. should close down in the short run.
b. is maximizing its profits.
c. is realizing a loss of $60.
d. is realizing an economic profit of $40.

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