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a . Is this firm operating in the short - run or long - run? How do you know? ( 5 pt ) b .

a.Is this firm operating in the short-run or long-run? How do you know? (5pt)

b.Calculate this firms accounting profit. (5pt)

c.From the diagram, what is the productively efficient output for this firm? (5pt)

d.From the diagram, economies of scale are maximized at which output level? Explain. (5pt)

e.From the diagram, what is the allocatively efficient output for this firm? Explain. (5pt)

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