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I need help to solve this problem on a spreadsheet, please, show step by step how to do it on a spreadsheet. Suppose there are
I need help to solve this problem on a spreadsheet, please, show step by step how to do it on a spreadsheet. Suppose there are firms operating in a perfectly competitive market. All firms have an identical cost structure which is Cqqqq If the market demand is QP
a At what range of prices does this firm earn positive profit?
b At what range of prices will this firm earn a loss and still operate and does not shut down? Why does
c this firm prefer to operate even if it is earning a negative profit?
d At what range of prices does this firm shut down?
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