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What challenges does the firm face to sustain this practice

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Just need two or three paragraphs concisely discussing...the profit maximizing level of output is the ultimate goal of a firm. A firm with market power may produce a level of output greater than its profit maximizing level of output to gain market share and block entry of new firms.

What challenges does the firm face to sustain this practice? Explain.

Reference no: EM13149585

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