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Consider a perfect competition scenario, where the market demand is given by P =100- O, market supply is given by P = - 8 Suppose
Consider a perfect competition scenario, where the market demand is given by P =100- O, market supply is given by P = - 8 Suppose on the firm level, the firm's marginal costs are given by 65 MC =50, and average total costs are given by ATC = 2.50 + - What is the market output and corresponding price? Q=200 , P=50 O Q=200, P=200 O Q=200, P=25 Q=25, P=200
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