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For some given market, let market demand be given by: Q=100-P Average and marginal costs are constant and 50 per unit of output. Suppose there

For some given market, let market demand be given by: Q=100-P

Average and marginal costs are constant and 50 per unit of output.

Suppose there is a single seller that can invest in cost reducing technology. By how much should the average cost drop for this monopolist to charge the price that would emerge under perfect competition?

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