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Assignment

Assignment. On Q3 just answer what is the industry P and Q.

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Assignment

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  1. Assignment

  2. On Q3 just answer what is the industry P and Q.

  3. 13. A firm in a competitive industry has a total cost function of TC = 0.2Q2 – 5Q + 30, whose corresponding marginal cost curve is MC = 0.4Q – 5. If the firm faces a price of 6, what quantity should it sell? What profit does the firm make at this price? Should the firm shut down?

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