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Calculate the price and quantity an Airline would select if it were in a Perfectly Competitive Industry. TC = 40 + 6Q. Demand is P=20-

Calculate the price and quantity an Airline would select if it were in a Perfectly Competitive Industry.

TC = 40 + 6Q. Demand is P=20- 2Q

iDraw the demand curve and the MC curve.

iiHow much is Consumer Surplus?

iiiWhat is price and quantity for the Perfectly Competitive Industry?

ivWhat is the profit for the Perfectly Competitive Industry

v- How much is fixed cost?

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