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Business, 04.11.2019 23:31 salihanegawo

The total cost curve of each firm in a perfectly competitive industry is given to be: tc = 100 + q2 where q represents the quantity sold by a single firm. the mc = 2q. suppose that currently firms in this industry share a market demand given by qd = 2,000 – 7pd where p represents price unit and q represents the total number of units sold in the entire industry.

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The total cost curve of each firm in a perfectly competitive industry is given to be: tc = 100 + q2...
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