=+2 Assume Grahams Glassworks manufactures and sells 5000 flanges this period. Their competitor, Freds Flasks, sells flanges
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=+2 Assume Graham’s Glassworks manufactures and sells 5000 flanges this period. Their competitor, Fred’s Flasks, sells flanges for
$10 each. Can Graham’s sell below Fred’s price and still make a profit on the flanges?
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