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Use the following to answer questions: Use the following to answer questions:   -(Table: Total Cost and Output)  Look at the table Total Cost and Output, which 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 $50, how much is Sergei's profit at the profit-maximizing output? A)  $680 B)  $330 C)  $150 D)  $40
-(Table: Total Cost and Output) Look at the table Total Cost and Output, which 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 $50, how much is Sergei's profit at the profit-maximizing output?


A) $680
B) $330
C) $150
D) $40

Correct Answer:

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