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Business, 21.07.2020 18:01 juuuuuu42

Land of Many Lakes (LML) sells butter to a broker in Albert Lea, Minnesota. Because the market for butter is generally considered to be competitive, LML does not a. have any fixed costs of production. b. choose the quantity of butter to produce. c. set marginal revenue equal to marginal cost to maximize profit. d. choose the price at which it sells its butter.

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Land of Many Lakes (LML) sells butter to a broker in Albert Lea, Minnesota. Because the market for b...
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