a) Find the MC,ATC,AVC, and AFC b)At which price will the firm described above make exactly zero
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a) Find the MC,ATC,AVC, and AFC
b)At which price will the firm described above make exactly zero profit?
c)What is the equation for this firm's short run supply curve?
d)Given the number of firms in the market and the market demand curve (given in the problem), find the short-run equilibrium market price.
E)Will firms enter or exit in the long run? Why? Explain.
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