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Refer to the table below to answer the questions. 2.5) If the market price is $34, then in the short run the firm will operate. (1M) 2.6) If the market price is $30, then this firm will maximize profits by producing 3 units of output. (1M) 2.7) The shutdown point price for this firm is RM 30. (1M) 2.8) The lowest output this firm would produce before shutting down is ________ units. (1M)
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