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ssume that a firm in a perfectly competitive industry

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6. Assume that a firm in a perfectly competitive industry has the following total cost schedule;Output(Units)-------Total Cost($);10------------------110;15------------------150;20------------------180;25------------------225;30------------------300;35------------------385;40------------------480;c. Is the industry in long run equilibrium at this price?

 

Paper#29489 | Written in 18-Jul-2015

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