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Profit maximization does not mean _________________________ . When we are looking at profit maximization, we are looking at ___________ firm. The marginal cost of each
Profit maximization does not mean _________________________ . When we are looking at profit maximization, we are looking at ___________ firm. The marginal cost of each pizza changes based on __________________________ _______________________________ . Barb wants to produce where marginal ______________ equals marginal _____________ . Do producers set their price? Barb cannot deviate from the market price, she can only choose ______________________ ________________________________ . In Barb's case, she chooses __________pizzas per day. If she produces fewer pizzas, she makes ______________ profit. If she produces more pizzas, she makes less profit because _____________ costs ___________ her profits per pizza. Profit maximization for a firm is like _______________ maximization for students. Is Barb guaranteed any profit at all? Why or why not
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