Solution-What do market distortions create

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What do market distortions create? Describe one (there are several) type of market distortion in detail and explain why it distorts the market.

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What do market distortions create : Describe one (there are several) type of market distortion in detail and explain why it distorts the market.

Average variable cost and average fixed cost functions : From your result in part (b), derive the average total cost, average variable cost and average fixed cost functions.

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