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Discuss the relationship between the three short-run total cost curves. Use a diagram to motivate your answer. (15) This question applies to the theory of

Discuss the relationship between the three short-run total cost curves. Use a diagram to motivate your answer. (15)

This question applies to the theory of the firm. Note there are three specific short-run total cost curves the question is eluding to. Mark scheme - 6 marks for diagram; 9 marks for discussion

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