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Price MC and cost per unit ATC AVC Pa C b P1 Po Demand MR 0 Quantity 1. Identify the Total cost area (eg: POabP1)

Price MC and cost per unit ATC AVC Pa C b P1 Po Demand MR 0 Quantity 1. Identify the Total cost area (eg: POabP1) 2. Identify the Total Variable Cost area 3. Identify the per unit loss 4. Identify the area showing the loss

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