Order the answer to: Widgets are produced by a…
| Question | There are currently 600 firms in the industry. Each firm has fixed costs of $30. a. What is the price of widget today? b. What is the profit of a widget firm today? c. In the long run, what is the price of a widget? d. In the long run, how many firms exit theindustry? |
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| Subject | business-economics |
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