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Consider the diagrams below: Market Competitive firm Price $ Price, cost $ S1 MC S2 ATC AVC P2 P2 - D2=AR2=MR2 P1 P1 D1=AR1=MR1 D2

Consider the diagrams below: Market Competitive firm Price $ Price, cost $ S1 MC S2 ATC AVC P2 P2 - D2=AR2=MR2 P1 P1 D1=AR1=MR1 D2 D1 0 0 Q1 Q2 Q3 91 92 Quantity quantity

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