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he market for gadgets is perfectly competitive. In this market, a firm's marginal cost is given by MC = 5 + 0.50. Suppose the market

he market for gadgets is perfectly competitive. In this market, a firm's marginal cost is given by MC = 5 + 0.50. Suppose the market price is P = $50. 23. The firm's optimal quantity of production implied by the profit-maximization condition is equal to 0A.55 0B. 90 06.110 00.50 At the optimal quantity of production obtained above, the firm's marginal revenue is 0 $90 0B-$50 0C.50 00.55

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