Refer to this table to answer the next 4 questions.The accom…
Refer to this table to answer the next 4 questions.The accompanying table represents the quantity produced, the total revenue, and the total cost of a firm operating in a perfectly competitive market.Quantity Total Revenue Total Cost 0 $0 $4000 1 $10,000 $12,000 2 $20,000 $16,000 3 $30,000 $27,000 4 $40,000 $38,000This firm’s total fixed costs equal
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