Question: What would happen if the C curve had shifted down only half as much as curve C in Figure 6.3? P, AC (S) C 4

What would happen if the C curve had shifted down only half as much as curve C in Figure 6.3?

P, AC (S) C

P, AC (S) C" 4 E' G. 100 200 300 400 500 Number of Firms (N) P. LL 2.

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