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Suppose the competitive market for cat toys is in short-run equilibrium. The following graph on the left shows the demand and

In the short run, the equilibrium market price is $ per cat toy. At this price, each firm would earn Therefore, firms will th

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Answer #1

In shorteun Em prure= 3 4 fein produces runt & economie Cass=(7.5-3) 4 = 4.584 = $18. foim would con negative profit in layeu

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