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c) Assume that additional firms enter and there is now an increase in supply from S1 to 82 and a new equilibrium occurs at D2
c) Assume that additional firms enter and there is now an increase in supply from S1 to 82 and a new equilibrium occurs at D2 and 52 with a new market quantity of 03 = 28,000: 1) MR and AR are equal to 2) The quantity produced by each rm is 3) Total revenue received by each rm is 4) Average total cost for each rm is 5) Total cost of production for each rm is 6) Average xed cost for each firm is 7) Average variable cost for each rm is 8) Economic prot for each firm is
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