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Question 3 The market for wheat consists of 500 identical rms, each with the total .3051; function C(Q) = 90, UUCI + {7.0000ng where Q is measured in bushels per year. The market demand curve for wheat is Q = 90,000,001] 20,000,00013, where Q is again measured in bushels and P is the price per bushel. The market is perfectly competitive. (a) Obtain the average and marginal cost functions of each rm. 2