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Question sixteen If the shortrun provide curve and the demand curve intersect under the longrun provide curve, firms will expertise _________ economic profits, that means the price is _________ the minimal point on the typical complete cost curve.
As we will see within the monopoly mannequin, the marginal price curve isn’t the identical as it’s in the perfect competitors mannequin, the demand curve shows he highest possible value that can be charged to a product at a given level of output. There’s lots we can do proper now to improve fat folks’s lives—to shift our focus for the first time from weight to well being and from disgrace to help.
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