The Brick Tamland Lamp Division of the Fantana Corp. is in the lamp industry and is considered
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Question:
The Brick Tamland Lamp Division of the Fantana Corp. is in the lamp industry and is considered perfectly competitive. The market price for a standard lamp is $50. The firm's weekly cost structure is as follows:
TC = 1000 + 2Q + 0.25Q2
MC = 2 + 0.5Q
What do you expect to happen in the market over time?
dont answer by pen paper
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