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Two firms, A and B, both produce widgets. The price of widgetsis $1 each. Firm A has total fixed costs of $500,000 and variablecosts of

Two firms, A and B, both produce widgets. The price of widgetsis $1 each. Firm A has total fixed costs of $500,000 and variablecosts of 50¢ per widget. Firm B has total fixed costs of $240,000and 2 answers

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