A perfectly competitive firm sells 50000 units of knives at, Ask an Expert

Economics

A perfectly competitive firm sells 50,000 units of knives at a price of $3. The firm's average cost at 50,000 units is $2.75. Calculate the firm's profit. Please verify answer twice before sending back to me the steps. I want to make sure I have the calculation steps correctly given, and the correct answer.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91520233

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