The diagram below shows the market demand curve and the cost curves for a single firm. 
FIGURE 12-6
-Refer to Figure 12-6.Suppose this firm is being regulated using the policy of marginal-cost pricing.The resulting price and output would be
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Real estate that is located adjacent to a lake, often valued for its scenic and recreational attributes.
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The act of compensating someone for an expense or loss incurred.
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