Output Marginal Revenue 0 Marginal Cost -- -- 1 $ 16 $ 13 2 16 8 3 16 10 4 16 15 5 16 22 Refer to the data in the accompanying table. If the firm's minimum average variable cost is $12, the firm's profit-maximizing level of output would be Multiple Choice ○ °. О 4. ○ 2

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