Consider a competitive constant-cost industry in which each firm's marginal and average costs are given by the formulas MC = 4q and AC = 2q + 50/q ,where q represents the quantity supplied by the firm.

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The Answer of Consider a competitive constant-cost industry in which each firm's marginal and average costs are given by the formulas MC = 4q and AC = 2q + 50/q ,where q represents the quantity supplied by the firm.

Consider a Competitive Constant-Cost Industry in Which Each Firm's Marginal