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10 cards from this deck
Output where MR=MCMR = MCMR=MC
Output where MR=0MR = 0MR=0
Output where P=ACP = ACP=AC
Output where P=MCP = MCP=MC
Calculate avg cost, add mark-up for profit per unit
Price below avg variable cost to drive out rivals
Illegal under competition law
Pricing below avg variable cost indicates predatory intent
Price below profit-max level to deter new entrants
Product used because many others use it; barrier to entry
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