Question:

Econ question.. perfectly competitive firm graph...?

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http://i205.photobucket.com/albums/bb261/johnpro318/hello.jpg

any help would be nice fer sure.

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2 ANSWERS


  1. Perfectly competitive market longrun equlibriium. So, super normal profit. Marginal revenue= average revenue = lowest average cost


  2. ♦ The price is a reflection of the highest-valued good...

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