Florida girl's death brings to light tonsillectomy risks. September 23, 2010|By Lorri Helfand and Letitia Stein, St. Petersburg Times. The recent death of a seemingly healthy, 12-year-old Pinellas County girl following a tonsillectomy may have many parents worried about one of the most common surgical procedures performed in children.
In a perfectly competitive market price is equal to marginal revenue. Price will also equal average cost. If price was greater than average cost the firms in the market would be making profit. This would lead to more firms entering (remember no barriers to entry) until profits are eliminated.
Online Review Copy. Refer to the above table. If the market price for the firm's product is $180, the competitive firm will produce: a. 5 units and earn economic profits of $100 b. 6 units and earn economic profits of $120 c. 7 units and earn economic profits of $238 d. 8 units and earn economic profits of $278 6.Refer to the above graph.f a competitive firm faced with these costs finds that it can sell its product at $60 per unit, it will: a. Produce 5 units and incur a loss of $50 b. Produce 6 units and incur a loss of $30 c. Produce 7 units and realize a profit of $32 d. Close down in the short run 34.