A firm can produce any quantity of good X with the following cost structure: TC = 450,000 + 20Q, where Q measures units of output. The industry demand for good X is Q = 100,000 - 500P. Suppose the profit-maximizing quantity for a single firm is split between two firms, both of which have the cost structure of TC = 450,000 + 20Q, where Q measures units of output. In this case, the average total cost for each firm is $____.

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The Answer of A firm can produce any quantity of good X with the following cost structure: TC = 450,000 + 20Q, where Q measures units of output. The industry demand for good X is Q = 100,000 - 500P. Suppose the profit-maximizing quantity for a single firm is split between two firms, both of which have the cost structure of TC = 450,000 + 20Q, where Q measures units of output. In this case, the average total cost for each firm is $____.

A Firm Can Produce Any Quantity of Good X with the Following