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    easy economics 101 question?

    Each firm in a perfectly competitive industry has the short run cost function shown below. output 0 1 2 3 4 5 total cost (dollars) 10 12 16 22 30 40 There are 1000 firms in this industry and the market demand cure is as follows: price 3 5 7 9 quantity demanded 3000 2000 1500 1000 a)...
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