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You are given the following set of cost curves for a perfectly competitive firmattempting to maximize profits (or minimize losses). Note that the curves are

You are given the following set of cost curves for a perfectly competitive firmattempting to maximize profits (or minimize losses). Note that the curves are not to scale.

Cost 1.10 0.90 0.65 0.50 100 125 135 MC 150 ATC AVC D Quantity

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