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Consider this scenario: Alisa starts a small business making ceramic mugs and selling them via Amazon both domestically and internationally. She competes with too many
Consider this scenario: Alisa starts a small business making ceramic mugs and selling them via Amazon both domestically and internationally. She competes with too many similar small businesses in a perfectly competitive market.1.1. How can Alisa derive her supply curve based on the information she has on the market equilibrium price and her costs of production in the first year of business? Under what conditions will she be forced to shut down temporarily? (2 points)
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