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Company ABC produces product X which is sold in a perfectly competitive market. The selling price of item X in the market is Rp. 10.
Company ABC produces product X which is sold in a perfectly competitive market. The selling price of item X in the market is Rp. 10. The cost curve faced by company ABC to produce goods X and the demand curve for goods X for company ABC as shown in the following figure.
P MC AC Rp. 10 D = P = MR Rp. 7 AVC 100 unitStep by Step Solution
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