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A firm has hired you as a consultant. This firm is not perfectly competitive--it has some control over prices.
This firm is currently selling 1000 units, generating $10,000 in revenues and $12000 in total costs. The marginal revenue is about $4, it costs them about $5 to make another unit. Per unit variable costs are about $5 per unit.
Based on your analysis, what do you recommend?
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