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Fixed cost is $7, market price is $5 per unit, Total output 0 1 2 3 4 5 6 TVC 0 4 11 15 18

Fixed cost is $7, market price is $5 per unit, Total output 0 1 2 3 4 5 6 TVC 0 4 11 15 18 22 27, Calculate total costs, mc, total revenue, mr and atc.

Is it a perfect competition? Is it short run or long run situation. Explain

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