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In competitive markets, there are many small firms with each firm unable to influence the market price. Suppose company ABX operates in the wheat market.

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In competitive markets, there are many small firms with each firm unable to influence the market price. Suppose company ABX operates in the wheat market. The company produces and markets wheats at a Price = $20 per container. The firm's total costs are given as: TC = 50 -2Q +3Q2 1. What is the firm Fixed Cost? Why? Also, use a graph to support your answer. What price should the firm charge? Why

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