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Question: Use the diagram above to answer questions 2 and 3.  In order to maximize profits, how many units ...

Show transcribed image text Use the diagram above to answer questions 2 and 3. In order to maximize profits, how many units will the firm produce? Explain? Calculate the firm's profit/loss; explain how you arrived at your answer and label your answer as profit, loss, or break even.

Use the diagram above to answer questions 2 and 3. In order to maximize profits, how many units will the firm produce? Explain? Calculate the firm's profit/loss; explain how you arrived at your answer and label your answer as profit, loss, or break even.