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The Figure Given Below Shows the Aggregate Demand and Supply

Question 10

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The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7
The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7    -A firm's break-even price is the price that is just equal to the minimum point of the AVC curve, in the short run.
-A firm's break-even price is the price that is just equal to the minimum point of the AVC curve, in the short run.

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