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Suppose there is only one dairy in Cowtopia, and the market demand curve for milk can be represented by P = 12 - 0.2*Q, where

Suppose there is only one dairy in Cowtopia, and the market demand curve for milk can be represented by P = 12 - 0.2*Q, where Q is gallons of milk and P is the price of a gallon of milk. Also suppose this dairy faces marginal costs of MC = 2 and average total costs of ATC = 2 (100/

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