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Below is cost information on a firm in a perfectly competitive market, where q denotes the quantity produced by the firm. (Note that this firm's

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  1. Below is cost information on a firm in a perfectly competitive market, where q denotes the quantity produced by the firm. (Note that this firm's MC curve is a line rather than a check mark. That's okay.)

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TVC = NIP q2 + 10q; TFC = 75; MC = q+ 10

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