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What is the average cost of the firm

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Reference no: EM131298800

Suppose the firm is a monopolistic competition firm whose demand function is X=  100 - 2P,   Assume that there are no barriers to entry and the firm sells at equilibrium 20 units. 

a. What is the average cost of the firm?

b. What can you say about the marginal cost of the firm?

Reference no: EM131298800

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