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Soaps in vancouver is perfectly competitive

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The market for hand made bar soaps in Vancouver is perfectly competitive. The marginal cost function for each (identical) firm is given by MC=2Qs +4

Also suppose the short run cost functions are the same as the long run cost functions. If the market price P is $10, what is the output level of each firm?

What is the identical price P that all firms will charge?

Reference no: EM131593938

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