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Firm produce at the equilibrium price

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The graph shows a firm's marginal cost curve. This firm operates in a perfectly competitive industry with market demand and supply curves given by Qd = 100 - 8P and QS = -20 + 2P, where Q is measured in millions of units. Based on the figure, how many units of output will the firm produce at the equilibrium price?

  • 1,100
  • 400
  • 800
  • 1,200

Reference no: EM131263661

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