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Three Hundred Paper Mills Compete in the Paper Market

Question 5

Multiple Choice

Three hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the formula , where Qmill indicates the mills annual production in thousands of tons. The marginal external cost of a mill's production (in dollars) is given Three hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the formula , where Q<sup>mill</sup> indicates the mills annual production in thousands of tons. The marginal external cost of a mill's production (in dollars) is given by the formula . Finally, annual market demand (in thousands of tons) is given by the formula . Find the competitive quantity. A) 108,000 B) 60,000 C) 500 D) 0 by the formula . Finally, annual market demand (in thousands of tons) is given by the Three hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the formula , where Q<sup>mill</sup> indicates the mills annual production in thousands of tons. The marginal external cost of a mill's production (in dollars) is given by the formula . Finally, annual market demand (in thousands of tons) is given by the formula . Find the competitive quantity. A) 108,000 B) 60,000 C) 500 D) 0 formula . Find the competitive quantity. Three hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the formula , where Q<sup>mill</sup> indicates the mills annual production in thousands of tons. The marginal external cost of a mill's production (in dollars) is given by the formula . Finally, annual market demand (in thousands of tons) is given by the formula . Find the competitive quantity. A) 108,000 B) 60,000 C) 500 D) 0


A) 108,000
B) 60,000
C) 500
D) 0

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