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Robin owns a horse stables and riding academy and gives riding lessons for children at "pony camp." Her business operates in a competitive industry. Robin gives riding lessons to 20 children per month. Her monthly total revenue is $4,000. The marginal cost of pony camp is $100 per child. In order to maximize profits, Robin should
Principal Revokes
The act of a principal canceling or withdrawing the authority previously granted to an agent, effectively terminating the agent's ability to act on behalf of the principal.
Obligation Tenders
Offers made to fulfill a duty or promise, particularly in a legal or financial context, such as repaying a debt.
Agency Termination
The process by which the relationship between an agent and their principal is ended.
Violation
The act of breaking or failing to comply with a rule, agreement, or law.
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