Assume the xyz corporation is producing 20 units of output. itis selling this output in a purely competitive market at $10 perunit. its total fixed costs are $100 and its average variable costis $3 at 20 units of output. this corporation:
a. shouldclose down in the short run.
b. is maximizing its profits.
c. is realizing a loss of $60.
d. is realizing an economic profit of $40.
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