victoriawolf72511 victoriawolf72511

25-05-2023
Business

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There are 10 producers each with a cost curve C(q) = q?. The demand curve is given by D = 2000 – 10p. Each producer creates a MEC (marginal external cost) of $100 per unit produced. a) What is the competitive equilibrium quantity produced and consumed? b) What is the efficient quantity?

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