Isoprofit curves are the set of outputs for all firms in a market, which yield a given firm the same profit level.

Name: Isoprofit curves are the set of outputs for all firms in a market, which yield a given firm the same profit level.
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Isoprofit curves represent different output levels that result in the same profit for a firm. So, all firms in a market with the same profit level will have the same isoprofit curve.

Isoprofit Curves Are the Set of Outputs for All Firms