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Question #4 (worth 4%). Lin makes fortune cookies. Anyone can make and sell fortune cookies, so there are dozens of producers. All fortune cookies are
Question #4 (worth 4%). Lin makes fortune cookies. Anyone can make and sell fortune cookies, so there are dozens of producers. All fortune cookies are the same, and buyers and sellers know this fact. In what type of market does Lin's operate? What determines the price of fortune cookies? What determines Lin's marginal revenue
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