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The market for bagged salads (the kind you buy in grocery stores) is competitive. For each producer in this market, MC = 2Q AC =

The market for bagged salads (the kind you buy in grocery stores) is competitive. For each producer in this market,

MC = 2Q AC = Q + (24/Q)

If the current market price for bagged salads is P = 16, then each producer will make ____ units, and they will earn a profit of ______

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