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Consider the demand and cost curves for a local utilities firm. Price MC $11.50 AC $9.00 $8.00 $5.50 D MR 300 1000 1400 1600 Quantity

Consider the demand and cost curves for a local utilities firm.

Price MC $11.50 AC $9.00 $8.00 $5.50 D MR 300 1000 1400 1600 Quantity

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