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