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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Homework 6

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Q List all of the characteristics of a PC Firm. 2.Using Hot Dogs, Graph (side by side) the market graph and the individual graph of Price, Quantity, Supply, Demand, MR, ATC, MC and the Short run and long run profits for Hot Dogs.

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Market is denoted as the place where the intersection of both demand and supply takes place. Virtually we can see this happening through gradual development of the technology for