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(Table: Total Cost and Output) the Table Describes Sergei's Total

Question 25

Essay

(Table: Total Cost and Output) The table describes Sergei's total costs for his perfectly competitive all-natural ice cream firm.If the market price of a tub of ice cream is $20, how much is Sergei's profit or loss at the optimal short-run output?
A.$100
B.$0
C.-$5
D.-$10

Correct Answer:

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