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The Accompanying Table Gives Cost Data for a Firm That

Question 221

Multiple Choice

The accompanying table gives cost data for a firm that is selling in a purely competitive market. If there were 1,000 identical firms in this industry and total, or market, demand is as shown in the second table, equilibrium price will be A) $32. B) $42. C) $36. D) $20. The accompanying table gives cost data for a firm that is selling in a purely competitive market. If there were 1,000 identical firms in this industry and total, or market, demand is as shown in the second table, equilibrium price will be The accompanying table gives cost data for a firm that is selling in a purely competitive market. If there were 1,000 identical firms in this industry and total, or market, demand is as shown in the second table, equilibrium price will be A) $32. B) $42. C) $36. D) $20.


A) $32.
B) $42.
C) $36.
D) $20.

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