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Three Hundred Paper Mills Compete in the Paper Market

Question 27

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 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 price. A) $1,400 B) $920 C) $7,000 D) $1995 ,where Qmill 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 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 price. A) $1,400 B) $920 C) $7,000 D) $1995 Finally,annual market demand (in thousands of tons) is given by the formula 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 price. A) $1,400 B) $920 C) $7,000 D) $1995 Find the competitive price.


A) $1,400
B) $920
C) $7,000
D) $1995

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