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Market Demand Is Given as QD = 250 - P

Question 202

Multiple Choice
Market demand is given as Q<sub>D </sub>= 250 - P.Market supply is given as Q<sub>S </sub>= 1.5P.Each identical firm has MC = 10Q and ATC = 8Q.What quantity of output will a typical firm produce

Market demand is given as QD = 250 - P.Market supply is given as QS = 1.5P.Each identical firm has MC = 10Q and ATC = 8Q.What quantity of output will a typical firm produce


A) 10
B) 20
C) 40
D) 50

Correct Answer:

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