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The Figure Given Below Shows the Aggregate Demand and Supply

question 19

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The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7
The figure given below shows the aggregate demand and supply curves of a perfectly competitive market.Figure 10.7    -Under long-run equilibrium in perfect competition, each firm operates at the minimum point of its average-variable-cost curve.
-Under long-run equilibrium in perfect competition, each firm operates at the minimum point of its average-variable-cost curve.


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