Suppose you are the owner of a small, perfectly competitive gizmo manufacturing company. The market demand and
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Suppose you are the owner of a small, perfectly competitive gizmo manufacturing company. The market demand and supply for gizmos as well as the costs of production in the short run are given by: Qd = 400 - 10P Qs = -50 + 5P TC = 0.2q2 + 10q + 50
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