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Draw & label the correct graphs: 1. Farmer Jones grows corn. The corn market is currently in long-run equilibrium where corn2. Carry over the original graphs at $4 to start. The U.S. Government requires all refineries to increase the percentage of e

Hello. I have a lot of trouble with this question because I do not know where to even begin. Help would be appreciated. Thank you.

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Answer #1

the long run for a firm, P = minimum of average total cost (ATC) = Market (MC) cost marginal cost . Ciom - supply Firm me ATC

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