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The Inverse Market Demand Curve for American Alligators Is P

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The inverse market demand curve for American alligators is P = 4,000 - 2Q, where Q is the quantity of alligators and P is the market price. American alligators can be produced at a constant marginal cost of $1,000, and all American alligators are identical. The inverse market demand curve for American alligators is P = 4,000 - 2Q, where Q is the quantity of alligators and P is the market price. American alligators can be produced at a constant marginal cost of $1,000, and all American alligators are identical.

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a. MR = 4,000 - 4Q. Set MR = MC:
4,000 -...

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