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Suppose the market for quiche is perfectly competitive, so sellers take the market price as given. Maria manages a restaurant that offers quiche for sale.
Suppose the market for quiche is perfectly competitive, so sellers take the market price as given. Maria manages a restaurant that offers quiche for sale. The following graph plots Maria's weekly supply curve (orange line). Point A represents a point along her supply curve. The price of quiche is $2.25 per slice, which is given by the black horizontal line
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