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Figure 14-3 Suppose a firm operating in a competitive market has the following cost curves: PRICE Refer to Figure 14-3. Firms would be encouraged to

Figure 14-3 Suppose a firm operating in a competitive market has the following cost curves: PRICE Refer to Figure 14-3. Firms would be encouraged to enter this market for all prices that exceed Oa. P1. Ob. P4. Oc. P2. Od. P3

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