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You own a firm that operates in a perfectly competitive market that is currently in the long run. The market demand curve is downward sloping.
You own a firm that operates in a perfectly competitive market that is currently in the long run. The market demand curve is downward sloping. The government has decided to subsidize production in your industry at $5 per unit. Presubsidy, your marginal cost curve is: MC = 19:] Explain and illustrate the effects on your firm. Strictly considering your company's interests {i.e., ignoring any macroeconomic or other issues}, are you happy about the subsidy
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