Describe process used to identify profit-maximizing level


Problem

1. What are the necessary conditions for a perfectly competitive market to exist?
2. Describe the two-step process used to identify the profit-maximizing level of output.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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International Economics: Describe process used to identify profit-maximizing level
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