please answer the question The following cost functions apply to a firm in a perfectly competitive market.

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The following cost functions apply to a firm in a perfectly competitive market. Assume all firms in the market have the same cost functions and that all firms maximize profit. TC = 859 + 7Q + 0.0102 MC = 7 + 0.02Q The current market price is $12. As the market adjusts to the long run equilibrium, by how much will each firm's individual quantity change

Posted Date: Jun 20, 2024 09:06 PM

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please answer the question The following cost functions apply to a firm in a perfectly competitive market.

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