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Figure 8.6.1 -Refer to Figure 8.6.1 Above. the Minimum Variable Cost of Cost

Question 57

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Figure 8.6.1 -Refer to Figure 8.6.1 above. The minimum variable cost of the firms in this competitive market is: A) the same for all the firms in the market. B) lower for firms 1 and 2. C) lower for firm 3. D) an unknown level, based on the figure. Figure 8.6.1
-Refer to Figure 8.6.1 above. The minimum variable cost of the firms in this competitive market is:


A) the same for all the firms in the market.
B) lower for firms 1 and 2.
C) lower for firm 3.
D) an unknown level, based on the figure.

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