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ATC
Price
MC
AVC
8
4
10 11 12 13
Quantity
The graph shows the cost curves of a firm in a competitive industry. Assume that all frms in the industry have identical cost curves. The
price in this market in the long run is S
K 11/21 >
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Transcribed Image Text:ATC Price MC AVC 8 4 10 11 12 13 Quantity The graph shows the cost curves of a firm in a competitive industry. Assume that all frms in the industry have identical cost curves. The price in this market in the long run is S K 11/21 > o SUBMIT ANSWER 8OF 21QUESTIONS COMPLETED MacBook Pro
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