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Locate a news article discussing a social services business failure or closure. identify the root causes for the failure, examining the short run and long

  • Locate a news article discussing a social services business failure or closure. identify the root causes for the failure, examining the short run and long run. Use graphs if necessary.
  • Assume the business was in a perfectly competitive market. How do firms in a perfectly competitive market determine price and profit-maximizing output levels? How did these conditions affect the decision to close?

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