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Suppose that the graph below depicts a perfectly competitive market. S MR 2400 DEAR 2200 2000 1800 1600 1400 Price 1200 1000 800 600 (26,

Suppose that the graph below depicts a perfectly competitive market.

S MR 2400 DEAR 2200 2000 1800 1600 1400 Price 1200 1000 800 600 (26, 700) 400 200 4 8 12 16 20 24 28 Quantity per period

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