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QUESTION
Assume the XYZ corporation is producing 20 units of output and that it is selling this output in a purely competitive market at $10 per unit.
Assume the XYZ corporation is producing 20 units of output and that 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
