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Good day, I have the following diagram from a past year exam paper but don't have the answer memo. Please can you assist me with

Good day,

I have the following diagram from a past year exam paper but don't have the answer memo. Please can you assist me with this question.

1. Choose a contemporary business and discuss two factors that bring about the economic concept illustrated in Panel A for that business. 2. Explain the meaning of the LAC curve in Panel C

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