-Figure 6.1 shows the cost structure of a firm in a perfectly competitive market. If the firm's fixed cost increases by 3,000 due to a new government regulation

Name: -Figure 6.1 shows the cost structure of a firm in a perfectly competitive market. If the firm's fixed cost increases by 3,000 due to a new government regulation
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An increase in fixed costs affects the average total cost curve by shifting it upward, but it does not affect the marginal cost or average variable cost curves.

-Figure 61 Shows the Cost Structure of a Firm in a a Perfectly