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Question: suppose that the market for cashmere sweaters is a competitive...

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Suppose that the market for cashmere sweaters is a competitive market. The following graph shows the daily cost curves of a firm operating in this market. Hint: After placing the rectangle on the graph, you can select an endpoint to see the coordinates of that point. Profit or Loss 60 50 0 30 AVC 0 10 20 304050 60 70 80 90 100 QUANTITY (Thousands of sweaters per day) In the short run, at a market price of $45 per sweater, this firm will choose to produce sweaters per day On the preceding graph, use the blue rectangle (circle symbols) to shade the area representing the firms profit or loss if the market price is $45 and the firm chooses to produce the quantity you already selected Note: In the following question, enter a positive number, even if it represents a loss The area of this rectangle indicates that the firms would be S thousand per day in the short run

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