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Figures 2-4 below show the price and quantity decisions made by individual profit-maximising firms of a similar size operating in different markets. Figure 2 Price

Figures 2-4 below show the price and quantity decisions made by individual profit-maximising firms of a similar size operating in different markets.

Figure 2 Price Marginal cost isoprofit curve isoprofit curve AC Demand curve Quantity Figure 3 AC Marginal cost isoprofit curve Price Demand curve Quantity

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