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04-18-2008, 04:37 AM
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| Economics 202? Draw a diagram to show the equilibrium position for an individual firm under perfect competition when it is earning more than normal profit. Draw and mark the MC, AVC, and ATV curves in accurate relationship to one another. Mark the equilibrium quantity. Show also the demand and the marginal revenue curves. Mark the supply curve for the individual competitor and the profit that is above normal. I know you we cant draw a diagram in here but can someone plz tell me how do draw it. Or give me link where i can find it. Thanks      |
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