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Consider the market and a representative competitive firm. Draw the marketequilibrium, then marginal cost, average cost,...

Consider the market and a representative competitive firm. Draw the marketequilibrium, then marginal cost, average cost, and marginal revenue curves for a competitive firm correctly producing a non-zero quantity, which is earning a negativeprofit, but is still producing. Make sure to label all the curves and axes. In the long-run, what will happen to the price? (

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