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help with this question Suppose the rubber boats market is perfectly competitive and firms have identical cost structure. The first table shows the market demand

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Suppose the rubber boats market is perfectly competitive and firms have identical cost structure. The first table shows the market demand schedule for rubber boats, and the second table shows the cost structure of each firm. The rubber boat market is perfectly competitive. Currently there are 100 identical firms. In the long run, the market price of a rubber boat is and the number of firms in the industry is Price ($/boat) Qty demanded Qty supplied Marginal cost Average total (boats/week) (boats/week) ($/boat) cost ($/boat) 10.00 500 1 9.00 12.00 11.00 450 2 10.00 11.00 12.00 400 3 11.00 11.00 13.00 350 4 12.00 11.25 14.00 300 5 13.00 11.60 OA. $10.00; 100 OB. $11.00: 150 OC. $12.00; 200 OD. $11.00; 100

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