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2. Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes. If the question prompts you to "Calculate," you must show how you arrived at your final answer. Assume that apples are produced in a perfectly competitive market. Grande's Orchard is a typical firm that grows and sells apples. Currently, Grande earns zero economic profit, and the market price of apples is $10 per bushel. Copyright O 2021. The College Board. These materials are part of a College Board program. Use or distribution of these materials online or in print beyond your school's participation in the program is prohibited. Page 1 of 2