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For a perfectly competitive firm, suppose that all fixed cost is sunk and total fixed cost is 100 and average variable cost is 5+0.05q. Market
For a perfectly competitive firm, suppose that all fixed cost is sunk and total fixed cost is 100 and average variable cost is 5+0.05q. Market price is $15. Market demand is given by Q=1200002000P. How many identical firms operate in the perfectly competitive market? 900 1000 1200 800
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