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Please solve ASAP The figure given below shows the revenue and cost curves of a perfectly competitive firm. Figure 10.5 A TO AVC MR Price

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The figure given below shows the revenue and cost curves of a perfectly competitive firm. Figure 10.5 A TO AVC MR Price A Quantity MC: Marginal cost curve MR: Marginal revenue curve. ATC: Average-total-cost curve AVC: Average-variable-cost curve According to Figure 10.5, the firm has: no profit no loss. profits equal to the area AP, EF. profits equal to the arca PBDE

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