Marginal-average variable cost curves for competitve firm

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Reference no: EM13976403

If the short run marginal and average variable cost curves for a competitve firm are given by:

SMC = 2 + 4Q and AVC =2 + 2Q

How many units of output will it produce at a market price of 0 ?

At what level of fixed cost will this firm earn zero economic profit?

Reference no: EM13976403

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