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CHOOSE THE CORRECT ANSWERS. I DONT CARE FOR EXPLANATION JUST THE CORRECT ANSWERS. 1. Consider the graph below. Suppose qO = 300, pO = $40,

CHOOSE THE CORRECT ANSWERS. I DONT CARE FOR EXPLANATION JUST THE CORRECT ANSWERS.

1. Consider the graph below. Suppose qO = 300, pO = $40, and ATC = $25 at 300 units.

Is the profit-maximizing firm in an oligopoly market making a profit or loss, and by how much?

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