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Draw two graphson the left a market level and on the right the firm-level. Show that given the market supply and demand for corn, the
Draw two graphson the left a "market level" and on the right the "firm-level." Show that given the market supply and demand for corn, the price of corn is $5 a bushel. On the firm-level graph show a perfectly competitive firmmaximizing profit by producing 100 bushels. Also suppose the firm is making $200 of profitwhat does this mean average total cost must be at 100 bushes of corn? (2 pts)
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