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Question 4 (5 points) Consider the figure 8.1, which is a family of average cost curves. The average total cost curve is shown by: Curve

Question 4 (5 points) Consider the figure 8.1, which is a family of average cost curves. The average total cost curve is shown by: Curve 4 Curve 1 Short-run average costs (dollars) Curve2 Curve3 Fig 8.1 Quantity curve 1 curve 2 000 curve 3 curve 4

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