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Question: identify the level of output this firm would choose if...

Question details
Identify the level of output this firm would choose if instead of profit it aimed at maximizing revenues. You must give a reason for your choice.

2a. [2 marks] The following diagram illustrates the demand and cost conditions of a firm. MC 20.00 AC 18.00 12.00 11.00 10.20
Total cost: 1d. [2 marks] Identify the level of output this firm would choose if instead of profit it aimed at maximizing rev

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