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Question regarding the price of gilders

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Market for gilders is initially competitive and the market demand is: P 9QD = 231- 0. The combined marginal costs of the firms in the gilder industry are: MC = 11+ 0.2Q.a. Graph the market demand and MC curves, and indicate the MR curve for the firms in the industry below. How much is produced in the industry and what is the price of gilders?

Reference no: EM131051236

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