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d . In the table below, complete the short - run supply schedule for the tirm ( columns 1 and 2 ) and indicate the
d In the table below, complete the shortrun supply schedule for the tirm columns and and indicate the protit or loss incurred at each output column
table Price,table QuantitySuppliedSingle Firmtable Profit orLoss table QuantitySuppliedFirms$
e Now assume that there are identical firms in this competitive industry. That is there are firms, each of which has the cost data shown in the table. Complete the industry supply schedule column in the table above
f Suppose the market demand data for the product are as follows:
tablePricetableTotal QuantityDemanded$ aa
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Nexte. Now assume that there are identical firms in this competitive industry. That is there are firms, each of which has the cost data shown in the table. Complete the industry supply schedule column in the table above
f Suppose the market demand data for the product are as follows:
tablePricetableTotal QuantityDemanded$
What is the equilibrium price? $
What is the equilibrium output for the industry? units
For each firm? units
Instructions: Enter your answers rounded to two decimal places. Enter positive values for profit or loss.
What will profit or loss be per unit? Click to select
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