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explain it. i. Why would high transaction costs tend to impede price-taking behavior? ii. Should a competitive firm ever produce when it is losing money?

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explain it.

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i. Why would high transaction costs tend to impede price-taking behavior? ii. Should a competitive firm ever produce when it is losing money? Why or why not? Explain iii. If the cost function for Messi's T-Shirt , C(q) =100 + 10g - q' + =93. What is its supply curve

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