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I choose IKEA COMPANY Page VI of 9 Scenario7: a. Is your company operating in a perfect market? If yes/no give reasons. b. Use

I choose IKEA COMPANY Page VI of 9 Scenario7: a. Is your company operating in a perfect market? If yes/no give reasons. b. Use a numerical data to show your firms output and revenue in a perfect market in the short run. Calculate TR, MR, AR, total profits, TC, MC and ATC. c. Draw TC and TR curves in one graph. d. Draw MC, ATC, AVC and MR in one graph. Show profit maximization, shutdown point and losses in the graph

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