Business, 03.12.2021 19:30 connorhanratty6487

Suppose there are 50 identical firms in a perfectly competitive industry. The minimum average total cost for each firm in this industry is $100, which is reached at an output of 150 units. Currently, the market price is $120, and each firm is producing 200 units of output.

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Suppose there are 50 identical firms in a perfectly competitive industry. The minimum average total...