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- The implicit, or economic, costs are … #61
- The total costs are … #62
- The average costs are … #63
- The marginal costs are … #64
- The fixed costs are … #65
- The variable costs are … #66
- A perfectly competitive market is characterized by the fact that … #67
- The supply of a good in a perfectly competitive market can be represented by selling … #68
- It is untrue, that the conditions of a perfect competition hold the condition, that … #69
- A monopoly firm is characterized #70