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In a highly competitive market for a homogeneous good, where the firms have identical cost structures, the equilibrium price for the good is $60 per

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In a highly competitive market for a homogeneous good, where the firms have identical cost structures, the equilibrium price for the good is $60 per unit. Harvey's is a firm in this market and its cost structure is described by the equations: TC = 1000 + 10q + 0.125q2 AVC = 10 + 0.125q MC = 10+ 0.25q FC = 1000

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