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1. Image you own your own business. Based on what you learned from the simulation, what factors would determine your entry and exit into a

1. Image you own your own business. Based on what you learned from the simulation, what factors would determine your entry and exit into a market? 2. Applying the concept of marginal costs, how would you, as a business owner, decide how much to produce? 3. How does the impact of fixed cost change production decisions in the short run and in the long run

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