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Business, 03.11.2020 16:40 Damani14

The minimum feasible long-run average cost for firms in a perfectly competitive industry is $27 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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