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1. Perfect Competition Consider the following diagram of a competitive firm Price /Costs ($) MC 4.50 ATC 3.00 AVC - 1.50 500 600 670 Quantity
1. Perfect Competition
Consider the following diagram of a competitive firm
Price /Costs ($) MC 4.50 ATC 3.00 AVC - 1.50 500 600 670 Quantity
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