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Suppose Arkey owns a profit maximizing firm that produces candles. Assume that the market for candles is perfectly competitive and all firms are identical. Arkey's

Suppose Arkey owns a profit maximizing firm that produces candles. Assume that the market for candles is perfectly competitive and all firms are identical. Arkey's fixed costs are $14 per month. Arkey's variable costs per month are given in the following table: (For simplicity, assume Arkey can only produce in whole units each month)

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