Suppose an industry consists of'lOO rms with identical cost structures (represented by the typical individual firm in the figure below). The price is $10. Price/Cost
Suppose an industry consists of'lOO rms with identical cost structures (represented by the \"typical individual firm\" in the figure below). The price is $10. Price/Cost $60 $50 $40 ATC Avc $30 $20 - $10 Quantity Instructions: Enter your answers as a whole number. a. The firm output quantity at the equilibrium price is: units. b. The market output quantity at the equilibrium price is: |:| units
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