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With all the information presented below compare the data and graph information that is given for the with the monopoly type behavior run company vs
With all the information presented below compare the data and graph information that is given for the with the monopoly "type" behavior run company vs the information on Long run production for a smaller competing firm.
In a more competitive industry with smaller firms, typical LRATC curves follow LRATC = 4.3Q2 - 60Q + 2,500. Present an argument that could be used to justify your company's size. Compare production costs, output, and scale the size of the monopoly company vs what curve is showing for the smaller competing firms.
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