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29 July, 16:22

A perfectly competitive firm produces 3,000 units of a good at a total cost of $36,000. the price of each good is $10. calculate the firm's short-run profit or loss. loss of $6,000 profit of $6,000 profit of $30,000 there is insufficient information to answer the question.

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  1. 29 July, 16:50
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    Here is your answer: loss of $6,000.
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