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Cost, C and Operating Price, P Profit Intercept = P + [1/(b x n)] Winners Losers Exit Slope = 1/(S x b) D' Quantity Marginal

Cost, C and Operating Price, P Profit Intercept = P + [1/(b x n)] Winners Losers Exit Slope = 1/(S x b) D' Quantity Marginal cost, G (a) (b)

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