Business
Business, 21.06.2019 14:20, tiggyandrep2dbee

Suppose that each firm in a competitive industry has the following costs: total cost: tc=50+12q2tc=50+12q2 marginal cost: mc=qmc=q where qq is an individual firm's quantity produced. the market demand curve for this product is: demand qd=160−4pqd=160−4p where pp is the price and qq is the total quantity of the good. each firm's fixed cost is.

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Business, 31.07.2019 02:20, jordanmartinezacierr
Suppose that a firm in a perfectly competitive industry finds that at its current output rate, marginal revenue exceeds the minimum average total cost of producing any feasible rate of output. furthermore, the firm is producing an output rate at which marginal cost is less than the average total cost at that rate of output. is the firm maximizing its economic profits?
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Business, 06.08.2019 01:20, cmcdonnell8812
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Business, 21.08.2019 16:20, ciel8809
Gwhat is one difference between a firm in a perfectly competitive industry and a firm in a monopolistically competitive industry? a monopolistically competitive industry does not have a large number of sellers. a monopolistically competitive firm does not face entry from other firms. a monopolistically competitive firm does not choose a level of output where marginal cost is equal to marginal revenue. a monopolistically competitive firm does not have the exact same product as other firms.
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