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suppose the demand curve for shirts is given by: P = 20 - 0.5Q The supply curve for shirts is given by: P = 0.5Q
suppose the demand curve for shirts is given by: P = 20 - 0.5Q The supply curve for shirts is given by: P = 0.5Q P=20 P=23 what quantity should the firm produce at the following prices? What will be the profits of the firm at each price? Briefly explain your answers and show your work
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