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in the market for its final product Acme, inc faces perfect competition. the market price P=10. For any given amount of labor employment L, Acme's
in the market for its final product Acme, inc faces perfect competition. the market price P=10. For any given amount of labor employment L, Acme's output Q=14L-0.5L^2. Acme is the only employer of its labor market, where it faces in inverse labor supply curve W=20+5L. in addition to labor costs, the company incurs fixed ccosts equal to 340. If acme is unable to pracitce wage discrimination the company's maximum profit will equal:
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