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Illustrate to the right, a graph showing a company being profitable in a competitive market in the Long Run selling its product at Market Price

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Illustrate to the right, a graph showing a company being profitable in a competitive market in the Long Run selling its product at Market Price (MP*) based on its Average Variable Cost (AVC) and Average Total Cost (ATCi and Marginal Cost (MC). Identify each key,r point on the graph. PRICE Competitive Firm - Long Run QUANTITY

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