Describe what happens to the profit-maximizing output
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problem1 suppose that the manager of a donut shop tells you that he sold 220 donuts today for a total revenue of 220
problemsuppose a firm is operating in a competitive market and is maximizing profit by producing at the point where
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problem1 suppose that the profit-maximizing quantity of output for a firm in the competitive textile industry is 1
problema market is in long-run equilibrium and firms in this market have identical cost structures suppose demand in
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