Complete the following table for a single firm operating in labor market A and product market AA:

a. What, if anything, can one conclude about the degree of competition in labor market A and product market AA?
b. What is the profit-maximizing level of employment? Explain.
c. Does this profit-maximizing level of employment yield allocative efficiency? Explain.

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Units of Labor Wage Rate (W) Total Wage Cost MWC MRP VMP $10 $16 $16 10 14 15 10 12 14 12 10 10 4 10 10 10