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The diagrams shown below depict the cost curves of two plants owned by a firm producing video games. Price Price Alpha's quantity (in thousands) Beta's
The diagrams shown below depict the cost curves of two plants owned by a firm producing video games. Price Price Alpha's quantity (in thousands) Beta's quantity (in thousands) From the positions the curves hold in each graph, it can be deduced that the older, less efficient facility is Beta . If video games are produced in a competitive market and the current price is $70, production in Alpha is |:| thousand units and production in Beta is D thousand units
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