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Suppose the cost curves for a perfectly-competitive rm that produces superhero t-shirts is below. In the long run, if firms in this perfectly competitive market
Suppose the cost curves for a perfectly-competitive rm that produces superhero t-shirts is below. In the long run, if firms in this perfectly competitive market are identical, the price of a superhero t-shirt will be $ and the quantity that each rm will sell will be t-shirts. The prot that each rm will earn will be $ (Do not enter dollar signs or spaces. If your answer is a whole number, only enter a whole number. If your answer is a decimal, round to two decimal places.) 1
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