Vamplife is a company that produces blood for vampire consumption. In this market, assume that there are ma

Vamplife is a company that produces blood for vampire consumption. In this market, assume that there are

 

 

answer:

. Vamplife is a firm in which market structure?

The market structure is Perfect Competition because there are many firms, with easy entry and exit and products are homogeneous.

2.

Vamplife should produce 3 gallons of blood to maximize profit.This is because from the above cost and revenue schedule as well as graph at 3 gallons there is the maximum difference between total revenue and total cost. Since total profit is the difference between total revenue and total cost.

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