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The above graph shows a firm's total revenue curve, O The firm could be operating in a perfectly competitive market. O The firm could

The above graph shows a firm's total revenue curve, O The firm could be operating in a perfectly competitive market. O The firm could be operating in a monopoly market. The firm must be in a perfectly competitive market. The firm is defintly not operating in a perfectly competitive. Cost and Revenue 117 12- 54226409 11 10- -8 O MC -MR ATC AVC 3 4 5 6 7 8 9 10 Quantity

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