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If the market price for computers is $400, Instructions: Enter your responses as a whole number. If you are entering any negative numbers be sure
If the market price for computers is $400, Instructions: Enter your responses as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) In front of those numbers. a. What is the profit-maximizing quantity? 300 computers per month b. Calculate the profits (or losses) for this typical firm, per month C. At this market price, will firms enter or exit the market? Firms will (Click to select) | the market. d. Will this entry or exit cause prices to rise or fall? Prices will (Click to select) vUse the graph to answer four questions. Typical Computer Firm Price or Cost (dollars per computer) $1,400 $1,300 MC $1,200 ATC $1,100 $1,000 $900 $800 $700 $600 $500 $400 $300 $200 0 100 200 300 400 500 600 700 800 9001,000 Quantity (computers per month)
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