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MC Cost ATC AVC Output Observe the graph above. Based on the price being set at P1, what assumptions would you make about the company's

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MC Cost ATC AVC Output Observe the graph above. Based on the price being set at P1, what assumptions would you make about the company's condition after the price changed to P2 and what might happen. Use the worksheet to solve this problem then fill-in your answer in the space provided below

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