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Price 1 3 4 5 5 7 Quantity Assume the market for cakes is perfectly competitive. a. How man'glr cakes will Jane bake in the

Price 1 3 4 5 5 7 Quantity Assume the market for cakes is perfectly competitive. a. How man'glr cakes will Jane bake in the short run if the price of cakes is $10? 1). At P=$10 what is Jane's: i. Total Revenue? ii. Total Cost? iii. Prot! Loss

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