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10 questions from this quiz
They represent a negligible market fraction
Horizontal straight line at market price
D=AR=MR=PD = AR = MR = PD=AR=MR=P
R5 for each additional unit sold
Where MR=MCMR = MCMR=MC
Increase production
Each additional unit decreases profit
Where gap between TR and TC is largest
TC increases faster than TR
Industry-wide supply and demand forces
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