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Suppose that the market for wind chimes is a competitive market. The following graph shows the daily cost curves of a particular firm operating in

Suppose that the market for wind chimes is a competitive market. The following graph shows the daily cost curves of a particular firm operating in this market:

40 36 32 28 24 PRICE (Dollars per wind chime) 20 ATC 16 12 8 MC AVC 4 0 0 2 4 6 8 10 12 14 16 18 20 QUANTITY (Thousands of wind chimes per day)

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