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a. Calculate total cost and average total cost from each manufacturer to produce from 1 up to 6 pies. b. The price of the pie
a. Calculate total cost and average total cost from each manufacturer to produce from 1 up to 6 pies. b. The price of the pie is now $11. How many pies sold? How many pies are para manufacturers produce? How many manufacturers what's on the market? How much profit does each producer get? c. What is the situation illustrated in section (b) is the long-run equilibrium? Explain your reasons! d. Assume that in the long run there are freedom to enter and exit the market. How much profit does each producer get in the long run balance? What is the market price and the number of pies each manufacturer make? How many pies sold? How many pie manufacturers operating in the market
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