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How will the marginal and average costs curves of the typical pure competitor shift or change as a result of the following events: (a) an
How will the marginal and average costs curves of the typical pure competitor shift or change as a result of the following events: (a) an increase in wages of all labor; ((b) a technological advance; (c) an increase in sales taxes; (d) a decline in the price of a basic raw material; and (e) an increase in property taxes.
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