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05-03-2024
Business

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Paula is an oyster farmer and the world oyster market is perfectly competitive. The market price is 12 a crate. Paula sells 500 crates a week and her marginal cost is16 a crate. Is Paula maximizing profit? Paula is ___?
1) Maximizing profit
2) Minimizing profit
3) Breaking even
4) Incurring losses

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