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The overall market for wheat is perfectly competitive. The market demand curve is given by Qo = 1400-50P All farmers in the market are identical

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The overall market for wheat is perfectly competitive. The market demand curve is given by Qo = 1400-50P All farmers in the market are identical and each have a cost function of C(q) = 0.5g-+ 10g + 18 with MC = q+10 AVC = 0.5g + 10 ATC =0.5g + 10+18/g

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