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Consider the perfectly competitive market for printer paper. In this market, the long-run average cost is minimized at $2.00 per box at a quantity of
Consider the perfectly competitive market for printer paper. In this market, the long-run average cost is minimized at $2.00 per box at a quantity of 2000 boxes per month. the market demand for a pack of printer paper is: Q=6000/P where P is the price in dollars and Q is the quantity in boxes of paper. if we assume all firms have the same costs and that costs do not change as firms enter or exit, then how much will all consumers in the market spend on boxes of printer paper each month
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