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c. The area representing economic profit, shaded completely + C. Suppose the government wants to regulate L and P to produce the maximum quantity that

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c. The area representing economic profit, shaded completely + C. Suppose the government wants to regulate L and P to produce the maximum quantity that would allow it to earn zero economic profit. On you graph from part (B), show the maximum quantity it will produce to earn zero economic profit, labeled Qr and price, labeled R. D. Suppose instead the government wants to regulate L and P to produce the allocationy efficient quantity. a. Does L and P earn positive economic profit if it produces the allocatingly efficient quantity? Explain. b. Under what condition will L and P agree to produce the allocationy efficient quantity

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