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5) In the graph below is the combined demand curve of M groups. p Combined Demand of Two Groups a. Why is the decision of
5) In the graph below is the combined demand curve of M groups. p Combined Demand of Two Groups a. Why is the decision of the rm more complex if marginal cost is between $12 and $18, versus when the marginal cost of the rm is less than $12? b. Why does the slope of the demand curve change as we move down the demand curve? Briey explain
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