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The firm supply and the market supply of bread are shown in the diagram. Which of the following statements about the diagram is incorrect then

5 5 Firm supply Market supply 4 (marginal cost) 4 (marginal cost) Price, P (E); cost 3 Price, P (E); cost 3 2 2 1 1 0 0 40 80 120 160 200 0 2,000 4,000 6,000 8,000 10,000 Quantity of loaves, Q Quantity of loaves

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