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The daily market demand for pizzas is given by QD(P ) = 750 25P , where P is the price of a pizza. The daily

The daily market demand for pizzas is given by QD(P ) = 750 25P , where P is the price of a pizza. The daily costs for a pizza company include a $50 fixed cost and a variable cost V C(Q) = Q2/2, where Q is the number of pizzas produced in a day. Therefore, marginal cost is M C(Q) = Q. Suppose that in the long run there is free entry into the market and the fixed cost is avoidable

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