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A long-run perfect competition graph showing price, demand, marginal cost (MC), and average total cost (ATC) curves. It illustrates P=MC=ATC for flat demand.

A long-run perfect competition graph showing price, demand, marginal cost (MC), and average total cost (ATC) curves. It illustrates P=MC=ATC for flat demand.

Perfect Competition (long-run) – Flat demand (P = MC = ATC) See more

#economics #diagram #education #illustration

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