Economics 1st Edition by Dean Karlan,Jonathan Morduch

تمرين 21

The monthly average variable costs, average total costs, and marginal costs for Alpacky, a Ztypical alpaca wool manufacturing firm in Peru, are shown in Table 13P-3 (above). All firms in the industry share the same costs as Alpacky, and the industry is in long-run equilibrium. What is the market price?