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?? Market for Human Alcohol Beer P -Q1 86 P 2Q + 68 Your Bar's Cost Structure TC - 7Q + 60 MC = 14Q

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Market for Human Alcohol Beer P -Q1 86 P 2Q + 68 Your Bar's Cost Structure TC - 7Q + 60 MC = 14Q Use the above information to answer the following questions. Remember, round your answer to the nearest 2 decimal places. For example, 3.546 = 3.55. No partial credit will be given for rounding errors. If your answer is negative, include a negative sign. DO NOT include a dollar sign ($). A. Calculate the market's equilibrium quantity. B. Calculate the market's equilibrium price. C. Calculate your bar's profit maximizing quantity. D. Calculate your bar's profit maximizing price. E. Calculate your bar's total revenue at the profit maximizing price. F. Calculate your bar's total cost at the profit maximizing price. G. Calculate your bar's profit or less at the profit maximizing price. H. Given your answer in Part (G), do you expect firms to enter or exit this market for bars? Type 'ENTER" or "EXIT" in the box. I Given your ancwer in Parts (G) and (H) what direction do we evnect the market cunnly curve to

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