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Select the Correct Graph of the Given Function f(x)=12xf ( x ) = 1 - 2 \sqrt { x }

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Select the correct graph of the given function.
f(x) =12xf ( x ) = 1 - 2 \sqrt { x }

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Definitions:

Elastic Demand Curve

A representation of the demand for goods or services that are very sensitive to changes in price, indicating that a small change in price leads to a large change in quantity demanded.

ATC Curve

A graph that represents the average total cost of production at different levels of output, typically U-shaped due to economies and diseconomies of scale.

Monopolistic Competitor

A monopolistic competitor refers to a market structure where many firms sell products that are similar but not identical, allowing for product differentiation and some price control.

ATC Curve

Stands for Average Total Cost curve, a graph that represents the average total cost of producing a good or service at different levels of output.

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