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Under perfect competition, why is it especially important for each firm to know the specifics of its production function? Explain why the total cost and
- Under perfect competition, why is it especially important for each firm to know the specifics of its production function? Explain why the total cost and total variable cost curves come together as production increases?
please provide a few paragraphs of explanation
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
