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Figure 4: Demand and short-run cost curves for a firm in a perfectly competitive market Figure 4 shows the short-run cost curves and some possible

Figure 4: Demand and short-run cost curves for a firm in a perfectly competitive market Figure 4 shows the short-run cost curves and some possible positions of the demand curve for a firm in the case of perfect competition. Match the correct demand curve, identified by its label in Figure 4, to this scenario The demand curve corresponding to a situation where the firm should close down. D_(1) D_(2) D_(3) D_(4)

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