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The graph below summarizes the demand and costs for a firm that operates in a perfectly competitive market. Instructions: Use the nearest whole numbers on

The graph below summarizes the demand and costs for a firm that operates in a perfectly competitive market.

Instructions: Use the nearest whole numbers on the graph when calculating numerical responses below.

$ 48 44- MC 40- ATC 38. 32- D = MR 28 24- AVC 20 - 16- 12 AFC 8 4 0 0 2 3 4 5 8 9 10 11 Quantity

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