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A firm faces the demand for its product, , as shown in the figure below. It produces under conditions of constant costs in the long run, and LMC = LAC = $12 per unit. Answer Questions .
-At the profit-maximizing uniform price, the firm earns economic profit of __________ when it engages in uniform pricing.
Authoritarian
An authoritarian refers to a governing or leadership style characterized by absolute or blind obedience to authority, as against individual freedom and related to centralized power.
Authoritative
A parenting style characterized by high demands and high responsiveness, where parents set clear standards for their children but also encourage independence and are open to communication.
Permissive
A parenting style characterized by low demands with high responsiveness, where parents are lenient and may only step in when necessary.
Influenced
Being influenced refers to having one's behavior, actions, or thoughts altered or directed by forces or opinions outside of oneself.
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