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Write the dual maximization problem. Be sure to rename the variables.
Minimize subject to
State Regulations
State regulations are legal requirements established by individual states that govern the operation of businesses, aiming to protect the public interest.
Corporations
Legal entities that are separate and distinct from their owners, providing limited liability protection, and have the ability to raise capital through the issuance of stocks.
Proprietorships
Proprietorships are businesses owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
Partnerships
A legal form of business operation between two or more individuals who share management and profits.
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