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July 22, 2014

Homework Help: Managerial Economics

Posted by Cindy on Monday, November 14, 2011 at 3:43pm.

When developing short-run cost curves, it is assumed that all firms in perfect competition have the same cost curves and they all make identical short-run profits or losses. Contrast this to the real world and why individual firms might experience different cost curves and different profits.

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