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6.For a firm in a competitive market, assuming some fixed cost to operate and diminishing marginal product, (a) draw a short-run average total cost, average

6.For a firm in a competitive market, assuming some fixed cost to operate and diminishing marginal product,(a)draw a short-run average total cost, average fixed cost, average variable cost and marginal cost curves.(b) Identify the price at which you expect shutdown in the short run.

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