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Question 4 pls!!!!! Part c. (1 mark) Suppose that the market is perfectly competitive and that the marginal cost of producing each unit of the

Question 4 pls!!!!!

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Part c. (1 mark) Suppose that the market is perfectly competitive and that the marginal cost of producing each unit of the good is always 1 regardless of how many units of the goods are produced. What are the equilibrium price and quantity in this equilibrium? Question 2 (3 marks) Generally, suppose that the elasticity of demand is a constant e

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