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You are the head of a firm in a perfectly competitive market. You sell cheese for $5. a.    &nbsp...

You are the head of a firm in a perfectly competitive market. You sell cheese for $5.

a.       What is your π?  

b.       What is your marginal revenue?

c.       What is your marginal cost? 

d.       What is your average cost?

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Answer #1

AC And You sell cheese for $5 so, p= $5. At perfect conectitive market, & pirms enjoy normal. profét so Ť=o. (200 economic pr

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