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On the right is a diagramor . Questions (16)-(22) refer to this graph (16) What kind of industry is firm Y in (17) To maximize
On the right is a diagramor . Questions (16)-(22) refer to this graph (16) What kind of industry is firm Y in (17) To maximize profits what Quantity shoud firm Y sell? (18) What price should firm Y sell at to max. profits ? (19) If firm Y sells the quantity you answered for Question (15), at that price (20) At which output level does this firm have the highest average fixed costs? (21) At which output level does this firm have the highest average variable costs? (22) What is the maximum technical efficiency output level for firm Y C. IOemand you answered for Question (16) how much profits will they make
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