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Business, 21.12.2020 20:20 vkyles84

An industry currently has 100 firms, each of which has fixed costs of $16 and average variable costs as follows a. Compute a firm’s marginal cost and average total cost for each quantity from 1 to 6. b. The equilibrium price is currently $10. How much does each firm produce? What is the total quantity supplied in the market?

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An industry currently has 100 firms, each of which has fixed costs of $16 and average variable costs...

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