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Question 26 Use the figure below, which shows the linear demand and constant cost conditions facing a perfectly competitive firm: The market price is $_______

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Question 26

Use the figure below, which shows the linear demand and constant cost conditions facing a perfectly competitive firm:

The market price is $_______ , and the firm will produce ________ units.

image text in transcribed
80 60 Price and cost (dollars) 40 LAC = LMC 20 D O 100,000 200,000 Quantity

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