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2.2 (5 points) At what price and output level will the firm above maximize profit? Explain. 2.3 (5 points) Assume there is a price ceiling

2.2 (5 points) At what price and output level will the firm above maximize profit? Explain. 2.3 (5 points) Assume there is a price ceiling at $11 in the market. Is this a binding or non-binding price ceiling? Explain by drawing a graph

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