What is the profit maximizing condition for this firm

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Reference no: EM131084798

Consider the following competitive firm in the short run:

a. What is the profit maximizing condition for this firm?

b. Is this firm making a profit or a loss in the short run?

c. Label the firm’s profit maximizing / cost minimizing level of output as q* and shade the firm’s profits or losses.

Reference no: EM131084798

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