The Lotsa Pasta Company sells pasta in a perfectly competitive market at a price of $2 per pound. Its marginal cost, average variable cost, and average total cost curves can be seen below: 
Find the profit-maximizing level of output and mark it q*. Shade in the area of profit earned by the firm. Is it positive or negative? How do you know?
Definitions:
Oppositional Cultural Forms
Cultural expressions that challenge, critique, or seek to change mainstream or dominant cultural norms and values.
Incorporation
The process of legally declaring a business entity as separate from its owners, providing limited liability and other benefits.
Janis Joplin
An iconic American rock, soul, and blues singer known for her powerful vocals and emotional performances in the 1960s.
Cultural Difference
The diversity in values, beliefs, customs, and practices observed among individuals from different cultural backgrounds.
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