ow: suppose the market is perfectly competitive and that the current market price is $70 per cheesecake. what is ima's profit maximizing quantity? how much accounting profit does she make? how much economic profit does she make? if she wanted to maximize accounting profit instead of economic profit, would she produce the same amount? or more? or less? if total market demand at a price of $70 is 42,000 cakes, and all firms are just like ima's, how many firms are currently in the market? is this or is this not a long run equilibrium? why or why not? and if not, what would have