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Suppose that the market for cashmere sweaters is a competitive market. The following graph shows the daily cost curves of a firm operating in this

 4. Profit maximization in the cost-curve diagram

 Suppose that the market for cashmere sweaters is a competitive market. The following graph shows the daily cost curves of a firm operating in this market.

 Hint: After placing the rectangle on the graph, you can select an endpoint to see the coordinates of that point.

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