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6. Consider a perfectly competitive industry, which consists of many identical firms -all of them characterized by the follow

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(a) Long-run profit-maximizing condition of perfectly competitive from: LMC 2400 -30 Q +0.3Q?= 2400-G0Q +0.983 -30Q+60 Q =0.9

c) since in long-run P=LATC = Lue P =LATE $5400 profit = (P-ATJQ € (5 400-suoolloo Hence Bofit of each firm will be 7290 beca

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