Illustrate what are the main characteristics of a perfectly

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Q. What are the main characteristics of a perfectly competitive market that cause buyers and sellers to be price takers? Explain

Q. Alejandro is one of the leading widget producers in the country. His total costs amount to $5,000, total fixed costs are $3,000, and average total costs are $200.

What is Alejandro's marginal cost at the present level of production?

Reference no: EM1363770

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