What is the minimum value for 
? Restrict your attention to the horizontal span of 40 to 46.Be careful.You are asked about a minimum, not a maximum.Round your answer to two decimal places.
Definitions:
Price Takers
Firms or individuals in a market who accept the prevailing prices as they cannot influence them due to their small market share in highly competitive markets.
Identical Products
Products that are the same in every aspect, often referred to in economics to describe goods that have no differentiation in the eyes of consumers.
ATC
ATC can refer to Air Traffic Control, a service provided to ensure the safe, orderly, and expeditious flow of air traffic in the sky and at airports.
MC
MC stands for Marginal Cost, which is the cost of producing one additional unit of a good or service.
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