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Market Supply.

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I do not know how to work the answers for part b or c of the attached file.

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Market Supply.

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For part b)

given that the market is perfectly competitive, you know that the profit maximizing rule is P = MC

the first blank says price = $50, thus the firm should produce 2 units (the mc for 2 units is also 50).
The TC (total cost) ...

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