Competitive fringe out of the market

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Reference no: EM133637334

Question

Assume the only difference between the two scenarios is the competitive fringe's marginal cost curve - () vs. (). All else being equal, comparing these two scenarios, in which scenario is the dominant firm less likely to force the competitive fringe out of the market? Justify your response using complete sentences, economic evidence, and (optionally) one or more graph.

Reference no: EM133637334

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