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Draw a perfectly competitive,profit-maximizing firm that is incurring a short-run loss and will shut down.Be sure to include the marginal revenue curve,the marginal cost curve,the average total cost curve,and the average variable cost curve.
Feeling
An emotional state or reaction that can derive from one's circumstances, mood, or relationships with others.
Status Difference
The variation in prestige, honor, respect, or social ranking among individuals or groups within a society or organization.
Obedience
The act of following orders or directions from someone in authority, often without questioning them.
Innate
Inborn or natural characteristics, abilities, or qualities not influenced by learning or experience.
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