There are two firms in the market that produce pencils the, Business Economics

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There are two firms in the market that produce pencils the

There are two firms in the market that produce pencils. The first firm’s marginal cost curve is given by MC1 = 0.055Q, while the second firm’s marginal cost curve is MC2=0.026Q. Society's benefits are given by 250-4.71Q. What is the consumer surplus at the equilibrium price and quantity?

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Business Economics: There are two firms in the market that produce pencils the

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