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3. A firm with marginal cost M C = 2Q and fixed cost F C = 0 is the sole supplier in the market for

3. A firm with marginal cost M C = 2Q and fixed cost F C = 0 is the sole supplier in the market for good X. Demand for good X is given by QD = 30 1 2P . (e) Explain how your answers to the previous parts would change if the firm faced a fixed cost of $100 instead.

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