Illustrate what is the profit made by each firm

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Q. Suppose that macroeconomic forecasters predict that the economy will be expanding in the near future. How might managers use this information?

Q. If given a demand schedule for a perfectly competitive market, and the output, marginal cost, average variable cost and average total cost for each firm (100 firms in the market), how do i find market price, market quantity, explain how many smoothest sold by each firm, and what is the profit made by each firm?

 

 

Reference no: EM1345949

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