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Consider a product or service you're familiar with.Think about what costs go into its production (include both explicit and implicit costs!).Do you think this product's

Consider a product or service you're familiar with.Think about what costs go into its production (include both explicit and implicit costs!).Do you think this product's price is equal to its marginal cost? Explain why or why not by showing the price and delineating the costs you can think of.

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