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In a perfectly competitive market, assume every firm faces t

Paper help Economics In a perfectly competitive market, assume every firm faces t

Economics

In a perfectly competitive market, assume every firm faces t

In a perfectly competitive market, assume every firm faces the same short run total cost curve: TC=… Show more In a perfectly competitive market, assume every firm faces the same short run total cost curve: TC= 2q^2 + 10q + 200. The market demand curve is :Qd = 800-8P. Given perfect competition, if this industry is in long run equillibrium: 1) Find the level of output produced by each firm 2) Find the market price of the output. 3) Find the total industry output adn the number of firms in the market. 4) How much economic profit does each firm in this market make? • Show less

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