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The market demand is Q=100-P, with constant AC=MC=50. If there is only one seller(monopolist), how much should he drop the average cost, in order to
The market demand is Q=100-P, with constant AC=MC=50. If there is only one seller(monopolist), how much should he drop the average cost, in order to sell with the price under perfect competition? I am not sure if the answer should be 50 or 25 . . . Thank you
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