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Operating in a competitive market

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Reference no: EM131416070

P=$1400-0.0004Q

MR=$1400-0.0008Q

AVC=$1000

P is price, Q is quantity and AVC is average variable cost

Calculate the data the firm will provide

Determine the price at this output level

Complete microsoft excel template using the dat in this problem

Now assume that the state is going to give as many contracts as desired so now you are operating in a competitive market. how will your price and out put decisions change?

Reference no: EM131416070

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