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There are 100 firms in a perfectly competitive decreasing cost industry at the ...

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There are 100 firms in a

perfectly competitive decreasing cost industry at the long-run equilibrium. A

typical firm faces the following cost curves (q is firm quantity, n is number

of firms):

-----------------------------------------------------

Average Variable Cost ($): AVC=q+50

Marginal Cost ($): MC=2q+50

Fixed Cost ($): FC=810000/n

-----------------------------------------------------

What are the market price and market quantity?

0%
0%
100%
0%
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