This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.PriceQuantityTC$500$10.00$501$20.00$502$27.50$503$77.50$504$147.50$505$250.00According to the table shown, fixed costs must be:
A. $200.
B. $10.
C. $60.
D. Fixed costs cannot be determined by the information in the table.
Answer: B
Economics
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