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(a) Suppose that each rm in a competitive industry has the following identical costs: Total cost: TC = 25+0.25Q2, Where Q is an individual rm's

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(a) Suppose that each rm in a competitive industry has the following identical costs: Total cost: TC = 25+0.25Q2, Where Q is an individual rm's quantity produced. The market demand curve for this product is as follow: Demand: P=60-0.095Q, Where P is the price and Q is the total quantity of the good. Currently. (i) Identify each firm's fixed cost, variable cost, and its marginal cost

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