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Horizontal demand curve

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Reference no: EM131961891

Draw and scan a cost curve and using those costs show on your graph using a horizontal demand curve of where the output with a firm in perfect competition (not imperfect competition) will be placed. (Under this Perfect Competitive situation remember that a firm is making a normal rate of profit for the owner to just meet his or her family's obligations and a bit extra in interest)

Reference no: EM131961891

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