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We are learning about cost curves - Short-run Long run ATC, VTC, MC, MR. We are also learning about Monopoly and monopolistic market structures and

We are learning about cost curves - Short-run Long run ATC, VTC, MC, MR.

We are also learning about Monopoly and monopolistic market structures and applying the acronyms above. However, I don't exactly understand what they mean/ are reffering to. would love a simple explanation of each (graphs)

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