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Can you help do this step by step in Excel? Please.... Theminimumfeasiblelongrunaveragecostforfirmsinaperfectlycompetitiveindustryis$40perunit.Ifeveryfirmintheindustrycurrentlyisproducinganoutputconsistentwithalong-runequilibrium,whatisthemarginalcostincurredbyeachfirm?Whatisthemarketprice

Can you help do this step by step in Excel? Please....

Theminimumfeasiblelongrunaveragecostforfirmsinaperfectlycompetitiveindustryis$40perunit.Ifeveryfirmintheindustrycurrentlyisproducinganoutputconsistentwithalong-runequilibrium,whatisthemarginalcostincurredbyeachfirm?Whatisthemarketprice

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