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Each of the 10 firms in a competitive market has a cost function of C=25+q2. The market demand function is Q=120p. a. In this part,

Each of the 10 firms in a competitive market has a cost function of C=25+q2. The market demand function is Q=120p.

a. In this part, draw a graph that will show the relationship between the market and the firm. Include all the information about the price, market quantity and quantity per firm. Shade the amount of profit or loss.

b. In the same graph, show the effect of the tax o

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