(a) Fill in Table 2. (b) Is the firm a perfect or an imperfect competitor? (c)...
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(a) Fill in Table 2.
(b) Is the firm a perfect or an imperfect competitor?
(c) If the wage rate were $250, how many workers would be hired? How much would the total wage bill come to?
(d) If the wage rate were $99, how many workers would be hired? How much would the total wage bill come to?
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