Consider a firm in a perfectly competitive industry with
Consider a firm in a perfectly competitive industry with the following cost structure: VC (Q) = 10 Q2 + 50 Q, FC = 4000 and MC (Q) = 50 + 20 Q. If the market price is Pm = 40, in the short-run this firm will produce
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consider a firm in a perfectly competitive industry with the following cost structure vc q 10 q2 50 q fc 4000 and mc
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