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Microeconomics
Demand and Supply
Equilibrium and Firm Behavior
Market demand is given as QD = 200 – 3P. Market supply is given as QS = 2P + 100. Each identical firm has MC = 0.5Q and ATC= 0.25Q. What quantity of output will a typical firm produce?
30
40
20
10
1 answer
Seems hard-
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