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Suppose that you are a bicycle producer. In three to four sentences, explain why you are willing to supply the most bicycles at the highest price.

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Answer: If you sell your excellent bicycles at the highest price, you are assured of making the maximum amount of profit. Clearly the more bicycles sold, the more profit you will make and the more bicycles can then be produced. As long as the demand for bicycles remains high, the cycle of growth would continue.

Step-by-step explanation:

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