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2.1 Discuss the purpose and shape of the long run average cost curve use suitable diagrams to support your answer. (15 Marks) 2.2 Discuss a

2.1 Discuss the purpose and shape of the long run average cost curve use suitable diagrams to support your answer. (15 Marks) 2.2 Discuss a collusive agreement under a cartel. Support your discussion using the appropriate diagram(s) (15 marks)

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