Equilibrium output in perfect competition

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1.Consider the following demand schedule. Does it apply to a perfeclty competitive firm ?

Compute marginal and average revenue

Price

Quantity

$100

1

$95

2

88

3

80

4

70

5

55

6

40

7

22

8

 2. suppose th emarginal cost of producing the good in before question is aconstant $ 10 per unit of output . what quantity of output will the firm produce

 

Reference no: EM1311683

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