Is this a perfectly competitive firm? If not, what type of firm, do you think it is? Why do you say that?
What would be the firm’s output level and price? Why, what rule does the firm use to pick its output?
Is this a perfectly competitive firm? If not, what type of firm, do you think it is? Why do you say that?
What would be the firm’s output level and price? Why, what rule does the firm use to pick its output?
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