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Help, I need a paragraph each. Microecon. TIA Question 1 (20 points) Explain how a rm in a competitive market identies the protmaximizing level of

Help, I need a paragraph each. Microecon.

TIA

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Question 1 (20 points) Explain how a rm in a competitive market identies the protmaximizing level of production. When should the rm raise production, and when should the rm lower production? Question 2 (20 points) Why might economists prefer private ownership of monopolies over public ownership of monopolies

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