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Perfect Competition Consider a perfectly market where all firms have identical cost functions given by: C(q) = 10q2 + 50q + 1000 The annual market

Perfect Competition Consider a perfectly market where all firms have identical cost functions given by: C(q) = 10q2 + 50q + 1000 The annual market demand is: On = 4000 - 10p 26. What is the shut-down price for each firm? MC=AVC9q=0 p5D = 50

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