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Business, 28.06.2020 04:01 taylordalton93
The minimum feasible long-run average cost for firms in a perfectly competitive industry is $48 per unit. If every firm in the industry currently is producing an output consistent with a long-run equilibrium, calculate the marginal cost incurred by each firm and the market price. Marginal cost is $ nothing and market price is $ nothing. (Enter your responses as whole numbers.)
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