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19 Consider the following setup for a perfectly competitive market: Suppose that for the firm, TC =400+ Q2, and MC =20. For the corresponding market,

19 Consider the following setup for a perfectly competitive market: Suppose that for the firm, TC =400+ Q2, and MC =20. For the corresponding market, suppose that demand is given by P = 200- - Q and supply is given by P = Now suppose that there is an increase in supply, so that = - 120+ -Q is the new supply curve. Will firms have an incentive to enter or leave the market? O Firms will enter

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