(All Steps) Consider the following cost data for a perfectly competitive firm in the short run: If the market price $150, how many units of output will the

Question: Consider the following cost data for a perfectly competitive firm in the

short run:

If the market price $150, how many units of output will the firm produce in order to maximize profit in the short run?
Specify the amount of economic profit or loss at the profit maximizing output level.
At what level of output does the firm break even?
What will be the long-run profit in this market? Explain.

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(All Steps) Consider the following cost data for a perfectly competitive firm in the short run: If the market price $150, how many units of output will the

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